Alphabet is preparing its first Australian dollar bond sale, seeking about A$5 billion across potential 3-, 5-, 10- and 20-year tranches as the Google parent expands a multi-currency funding program to support heavy AI infrastructure spending. ANZ said initial price guidance is expected Tuesday, with pricing slated for Wednesday. The move follows Alphabet's $25 billion U.S. dollar bond sale in early August, which drew peak orders of roughly $115 billion and saw the 40-year tranche's spread tighten to 130 basis points from 155 basis points, highlighting strong demand even as the company looks beyond dollar markets. Earlier coverage identified Deutsche Bank, RBC Capital Markets and TD Securities alongside ANZ as joint lead managers, with final size and completion still subject to market conditions.