Alphabet raised nearly $32 billion in debt financing within 24 hours, with its century pound bond receiving nearly ten times oversubscription.

Alphabet is expected to raise nearly $32 billion in debt in less than 24 hours, highlighting the massive financing needs of tech giants competing to develop artificial intelligence capabilities and demonstrating the strong interest of credit markets in providing them with funds. Google's parent company, Alphabet, issued seven types of US dollar-denominated bonds on Monday, raising $20 billion, followed by bonds denominated in pounds sterling and Swiss francs, breaking records in both markets. The pound bonds include an extremely rare 100-year maturity, making it the first time a tech company has issued bonds with such an extreme term since the dot-com bubble era, according to compiled data.