By Brandon Kochkodin
Publication Date: 2026-02-12 11:30:00
A century bond asks investors to click “I’m Feeling Lucky” and wait. (Photo Illustration by Scott Barbour/Getty Images)
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Alphabet, the parent company of Google, dipped into one of the bond market’s stranger corners this week.
The company sold a 1 billion British pound century bond, about $1.37 billion in U.S. dollars, with a 6.125% coupon as part of its plan to spend $185 billion this year building out artificial intelligence infrastructure. The deal came alongside $20 billion of additional Google debt issued earlier in the week. Demand ran hot for the Methuselah bond. Investors placed roughly 10 billion pounds of orders for the 1 billion pound bond. Alphabet’s century bond lands in the middle of an AI borrowing boom. Together, Amazon, Microsoft, Meta, Alphabet and Oracle tapped debt markets for $121 billion in 2025 as data-center spending accelerated.
Century bonds aren’t new, but they’re also not common. Forecasting interest rates, creditworthiness and…
