What is the Google 100 year bond and why issue it now?

It is a £1 billion sterling bond maturing in 100 years, priced near a 6% yield. Alphabet uses it to fund long-life AI infrastructure, match asset duration, and diversify funding beyond dollars. Strong demand also helps lock attractive terms before future rate moves, while broadening the long-term investor base.

Does the Alphabet century bond make GOOGL stock riskier?

Not necessarily. Leverage remains modest, with debt-to-equity around 0.17 and net debt to EBITDA about 0.23. The risk is execution: if AI capex fails to earn strong returns or rates stay high, equity multiples and credit spreads could wobble. Watch capex discipline, Cloud margins, and cash generation trends.

How should India-based investors view currency risk here?

Returns depend on INR versus USD and GBP. A weaker rupee can boost dollar asset gains, while a stronger rupee reduces them. The bond is sterling, introducing GBP exposure. Consider whether to hedge, factoring costs and horizon. Also track RBI policy and global rate shifts that can move both equities and bonds.

What signals would show AI capex risk is easing for Alphabet?

Look for steady Cloud operating margins, improving free cash flow despite elevated capex, and clearer disclosures on data center costs and power contracts. A measured capex-to-revenue trend and resilient ad growth would support the case. Tighter credit spreads and stable ratings outlooks would also signal healthier debt-market confidence.

Where can I read more about the Google 100 year bond news today?

For details on the deal, demand, and credit-market debate, see coverage at CNBC and Moneycontrol. These reports outline the £1 billion sterling tranche, near-6% pricing, and investor concerns around debt-funded AI builds. Both add helpful context for equity and bond holders tracking Alphabet’s capital strategy.

Global Market Insights

GOOGL Stock Today: February 12—Century Bond Stokes AI Debt Risks

ByHuzaifa Zahoor February 12, 2026February 12, 2026

The Google 100 year bond is back in focus after Alphabet sold a rare £1 billion sterling tranche near a 6% yield, part of a $20 billion-plus multi-currency raise for AI capex. We unpack what this means for GOOGL equity and credit holders, how debt-funded data center buildouts could shift risk, and why Indian investors should care. With order books reportedly about 10 times covered, today’s move extends Alphabet’s duration and broadens its investor base.