Alphabet Raises $3.9 Billion in Inaugural Australian Dollar Bond
The deal tops Apple’s 2015 record and comes as Alphabet and other tech firms seek funding for rising AI spending.
7 Articles
7 Articles
Alphabet raises $3.9 billion in inaugural Australian dollar bond
Alphabet has raised A$5.5 billion ($3.89 billion) via its inaugural Australian dollar debt issuance, according to a term sheet seen by Reuters, adding to the hectic pace of fundraising by global technology companies.
Alphabet raises A$5.5bn in Australia, more than doubling a record Apple set in 2015
Alphabet priced its first Australian dollar bond on Wednesday at A$5.5bn, about US$3.9bn, roughly 10% more than the market had pencilled in when the deal was trailed at the start of the week. It is the largest corporate bond sale ever done in the Australian market. The company hired banks on Monday for a four-tranche transaction sized at […] This story continues at The Next Web
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