Alphabet in Inaugural A$5.5 Billion AUD-Denominated Bonds Offering

Cleary Gottlieb represented Alphabet Inc. (Alphabet), the parent company of Google LLC (Google) and one of the world’s most valuable public companies, in its inaugural unregistered offering of A$5.5 billion aggregate principal amount of Australian dollar-denominated senior notes.

The offering is comprised of A$500 million in 5.20% senior notes due 2029, A$750 million in floating rate senior notes due 2029, A$750 million in 5.50% senior notes due 2031, A$1.5 billion in floating rate senior notes due 2031, A$1 billion in 6.25% senior notes due 2036, and A$1 billion in 6.90% senior notes due 2046.

Australia and New Zealand Banking Group Limited, Deutsche Bank AG, Royal Bank of Canada, and The Toronto-Dominion Bank are acting as dealer managers for the offering. The offering closed on August 27, 2026.

The net proceeds from the offering will be used for general corporate purposes, which may include the repayment of outstanding debt.

Alphabet is based in Mountain View, California. Cleary has represented Alphabet in numerous prior transactions, dating back to Alphabet’s reorganization in 2015 in which Cleary served as counsel.

Most recently, Cleary represented Alphabet in a $25 billion U.S. dollar-denominated notes offering in August 2026, and in a $1.2 billion municipal energy prepay transaction and $90 billion equity offerings in June 2026. Cleary also represented Alphabet in a €9 billion euro-denominated notes offering, its inaugural C$8.5 billion Canadian dollar-denominated notes offering, and its inaugural ¥576.5 billion Japanese yen-denominated notes offering in May 2026.

The Cleary corporate team includes partners Shuangjun Wang and Jeff Karpf and associates Taewan Roh, Omelebele Edeoga, Madeline Byers, and Jean Choi. Partner Matthew Brigham and associates Adam Girts and Andrew Guan advised on tax matters. Partner Daniel Ilan and associates Jaehwan Park and Melissa Faragasso advised on IP matters.