Alphabet Inc.'s 100‑year bond, issued earlier this year in the sterling market, has slipped below 90 pence for the first time since its debut.

The long‑term note, launched to support Alphabet's aggressive borrowing strategy, has seen its market price fall by about 10% from its initial 100 pence face value.

Investors point to broader market volatility and the company’s rapid debt accumulation in multiple currencies as key factors behind the price decline.

Despite the dip, analysts note that the bond remains a high‑quality, long‑term investment, offering a yield that still outperforms comparable sovereign debt.