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Alphabet closes inaugural $8.5 billion maple bond offering

On May 11, 2026, Alphabet Inc., the parent company of Google LLC and one of the world's most valuable public companies, closed its inaugural Canadian maple bond offering, issuing $8.5 billion aggregate principal amount of Canadian dollar-denominated senior unsecured notes in four series. The offering comprised $1.5 billion of 3.650 percent notes due 2031, $2 billion of 4.000 percent notes due 2033, $2.25 billion of 4.350 percent notes due 2036, and $2.75 billion of 5.000 percent notes due 2056, with maturities ranging from approximately five to 30 years. The offering was registered with the U.S. Securities and Exchange Commission under a base prospectus dated April 25, 2025, with interest accruing from May 15, 2026 and payable semi-annually on May 15 and November 15. The transaction represents both the largest maple bond and the largest corporate bond offering in Canadian history, and it was executed concurrently with a €9 billion euro-denominated SEC-registered senior notes offering by Alphabet that priced and closed on the same dates. Net proceeds from the offerings will be used for general corporate purposes, which may include the repayment of outstanding debt.

Company

Alphabet Inc.

Law Firm / Organization
Cleary Gottlieb Steen & Hamilton LLP

Company

RBC Dominion Securities Inc.

Company

Scotia Capital Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Company

TD Securities

Law Firm / Organization
Osler, Hoskin & Harcourt LLP
Public/Private Offering
Tech/Computer/IT
$ 8,500,000,000
Closed
11 May 2026