Alphabet Embarks on Global Bond Spree to Fund Record Spending

Alphabet Inc. is borrowing far and wide to finance the unprecedented spending plan behind its artificial intelligence ambitions.

The Google parent is set to raise $20 billion from a US dollar bond offering on Monday — more than the $15 billion initially expected — and is also pitching investors on what would be its first ever offerings in Switzerlandand the UK. The latter would include a rare sale of 100-year bonds, the first time a tech company has tried such an offering since the dotcom frenzy of the late 1990s.

Alphabet last week said it’s ...