Google has raised $3 billion in a sale of corporate debt in three tranches, Financial Times reports. The first tranche of $1 billion notes, which carry a coupon rate of 1.25%, are due to mature in 2014, adds ABC News.

The second tranche of $1 billion notes, which carry an interest rate of 2.125%, will mature in 2016 and the third tranche of $1 billion notes, which carry an interest rate of 3.625%, are due in 2021. The search engine appointed Citigroup, Goldman Sachs and JP Morgan as the joint lead managers on the transaction.

Click here for the story from Financial Times.

Click here for additional coverage from ABC News.