Amid AI Scrutiny, Alphabet Launches Asian Bond Issuance

Odaily reports: Alphabet has begun marketing its first-ever Hong Kong dollar- and Singapore dollar-denominated bond issuance, aiming to test investor appetite amid heightened market volatility. Alphabet has set initial guidance of approximately 4.6%, 5%, and 5.5% for its planned 2-year, 5-year, and 10-year HKD bonds, respectively. For the SGD bonds with 2-year, 5-year, 10-year, and 30-year tenors, initial guidance stands at approximately 2.75%, 3.25%, 3.65%, and 4%, respectively.

Proceeds from the offering will be used for general corporate purposes, potentially including repayment of existing debt. Alphabet's fundraising move is part of a broader trend of global tech giants seeking bond issuances to support AI-related projects. The company made its first Australian dollar bond issuance in August and has also issued bonds in Swiss francs, British pounds, Canadian dollars, and Japanese yen this year. Earlier this month, Alphabet raised €6 billion through a multi-tranche euro bond offering, marking its second euro-denominated fundraising this year. (Sina Finance)