🤖 Alphabet Seeks $25 Bn In Bond Sale
Published by OOPSONLINE.IN · Source: Outlook Business · 1 min read · · Updated
What actually happened
Alphabet Inc is seeking to raise as much as $25 billion through a fresh US investment-grade bond offering, in a deal that is expected to gauge investor appetite for debt issued to support artificial intelligence-related spending. The final size of the offering has not yet been determined, as per a report by Bloomberg. The Google and YouTube parent has also informed investors through the banks managing the issue that it intends to tap the US debt market twice a year, a move seen as addressing concerns over a steady supply of technology-sector bonds, the report said.
Key points
- Alphabet Inc is seeking to raise as much as $25 billion through a fresh US investment-grade bond offering, in a deal that is expected to gauge investor appetite for debt issued to support artificial intelligence-related spending.
- The final size of the offering has not yet been determined, as per a report by Bloomberg.
- The Google and YouTube parent has also informed investors through the banks managing the issue that it intends to tap the US debt market twice a year, a move seen as addressing concerns over a steady supply of technology-sector bonds, the report said.
Summary based on data provided by Outlook Business. Full article available at the original publisher.
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