Alphabet launches euro bond sale after stock slump erases $500 billion

Alphabet has begun selling euro-denominated bonds in seven tranches, testing investor demand after its stock lost roughly $500 billion in market value.

• Alphabet began offering euro-denominated bonds on Monday across seven tranches maturing between two and 19 years.
• Alphabet's stock fell 12.6% on October 29, erasing roughly $500 billion in market value, after third-quarter results showed strong revenue growth alongside heavy AI infrastructure spending.
• The offering marks Alphabet's latest move into European markets, following a 100-year sterling bond sale in February and a six-tranche euro issue in May.
• Alphabet's New York-listed shares fell nearly 19% in October, their worst monthly performance on record.