Big Tech lines up more than $60 billion in new bonds in one week

Microsoft, Oracle, Alphabet and Meta are turning to debt markets to fund an AI infrastructure buildout that is outrunning their cash flows Big tech companies lined up more than $60 billion in bond sales in roughly a week. That is a lot of borrowing for companies best known for having too much cash. The spree comes as Microsoft, Oracle, Alphabet and Meta race to fund AI infrastructure. Their spending plans have outgrown what their internal cash flows can comfortably cover. Who borrowed what Microsoft led the pack with a $25 billion investment-grade bond offering in early November 2026. It was the company’s first bond sale since 2017. Oracle completed a $10 billion bond tranche. That deal forms part of a broader $20 billion funding plan for the database giant. Alphabet went to Europe for its money. Google’s parent launched a €6 billion euro-denominated sale, worth about $6.7 billion. Meta, meanwhile, has signaled plans for $20 billion in new bonds across November. The company intends to split that issuance between dollar and euro markets. Taken together, these deals push the group past the $60 billion mark in about a week. The Meta portion is still a stated plan, so the final tally d...