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Alphabet Hires Banks for Inaugural Aussie Dollar Bond Sale

Key Points

Alphabet Mulls First Australian Dollar Bond as AI Debt Piles Up Alphabet Inc. hired banks for what would be a debut offering of Australian dollar bonds, as US tech firms flood credit markets with debt to fund investments in AI. The US firm may sell the notes across 4 maturities including as long as 20 years, according to an emailed statement from Australia & New Zealand Banking Group, one of the mandated banks.

Alphabet Mulls First Australian Dollar Bond as AI Debt Piles Up Alphabet Inc. hired banks for what would be a debut offering of Australian dollar bonds, as US tech firms flood credit markets with debt to fund investments in AI. The US firm may sell the notes across 4 maturities including as long as 20 years, according to an emailed statement from Australia & New Zealand Banking Group, one of the mandated banks.
Inaugural Aussie Dollar (ORG) Alphabet Inc. (ORG) Australian (ORG) US (LOCATION) AI (ORG) Australia & New Zealand Banking Group (ORG)
Originally published by Bloomberg Technology Read original →