Alphabet (GOOG, GOOGL) has returned to the euro debt market with a new multi-tranche bond offering as it ramps up funding for artificial intelligence infrastructure, Bloomberg reported Monday, citing a person familiar with the matter.

The Google parent is offering bonds in six tranches, including a long-dated note due 2063 that is being marketed at roughly 205 basis points above midswaps, according to the report.

Proceeds will be used for general corporate purposes, including potential debt refinancing, with pricing expected later Monday, Bloomberg added.

Alphabet did not immediately reply to MT Newswires' request for comment.

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