Alphabet borrowed $10B in its largest ever bond issue from the corporate debt market, which it secured at its lowest-ever cost of financing
NEW YORK (Reuters) - Alphabet Inc (GOOGL.O) borrowed $10 billion in the investment-grade corporate debt market on Monday, the Google parent's largest ever bond issue …
$MVIS Google owner Alphabet issues record $10 billion bond at lowest-ever price! Of the $10 billion offered, $4.5 billion from the seven-, 20- and 40-year tranches will be used for general corporate purposes, including acquisitions. https://www.reuters.com/...
Google raised $10 billion via bonds with a $1 billion five-year tranche issued at a coupon of 0.45%. “There are a lot of buyers who need short-term, don't-need-to-think-about-it money. You're getting two times the yield on the five-year Treasury.” https://www.reuters.com/...