Alphabet 100-Year Bond Gets Most Demand in Sterling Sale

Alphabet Inc. has received close to ten times orders for a £1 billion ($1.4 billion) sale of an ultra rare 100-year bond, a landmark transaction in the debt-fueled race for artificial intelligence supremacy.

The Google parent drew £9.5 billion in bids for the century bond, according to people familiar with the matter, who asked not to be identified. The 100-year note received the most orders among the five sterling tranches that Alphabet is looking to raise on Tuesday, they added.