The technology company is marketing six euro-denominated benchmark tranches, ranging from three to 39 years, according to a person familiar with the matter, who asked not to be identified. The three-year is being sold around 60 basis points over mid-swaps while the longest tranche is being marketed at approximately 190 basis points. This marks Alphabet’s second visit to the euro market in 2025, following its multi-tranche €6.75 billion debut earlier this year, which drew heavy demand as the U.S. technology giant diversified its funding sources beyond dollars.