Alphabet Raises 3.9B in First Australian Bond Sale
Alphabet raised 3.9 billion dollars through its first Australian dollar bond issuance. Strong investor demand drove bids past 18 billion dollars. The tech giant joins other firms diversifying debt to fund rising artificial intelligence spending.
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ALPHABET INC-CL A raised $3.89 billion via its inaugural Australian dollar bond issuance on Tuesday morning. The tech giant issued 3-, 5-, 10- and 20-year tranches, setting the coupon at 6.9% for the longest tenor. The deal highlights surging funding needs as global firms accelerate artificial intelligence spending.
