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According to individuals familiar with the situation, the subscription demand for Alphabet's bond issuance has exceeded $100 billion, with the estimated issuance size of around $15 billion. This level of demand is considered one of the most heated cases in corporate bond issuance history, demonstrating investors' strong interest in debt assets related to the artificial intelligence boom. Just last week, Oracle raised $25 billion through a bond issuance, with a record-breaking subscription demand of $129 billion. Alphabet has also designated multiple banks to prepare for a potential bond issuance priced in Swiss francs and British pounds, including a rare 100-year bond.