7/103 sources · 3 publishersUpdated Nov 12, 06:11 UTC
Alphabet’s debut Asian-currency bond offerings attract about $5 billion in orders
Alphabet drew about $5 billion in preliminary demand for its debut notes denominated in Hong Kong and Singapore dollars on November 12. The planned multi-tranche financing was initially sized at up to $3 billion, with proceeds intended for general corporate purposes. Initial yield indications covered 2.75% to 5.50%, and the bonds were expected to settle on November 19.
Why it matters
The order volume gives Alphabet room to adjust the financing, although the final amounts and pricing were not yet available. The issuance would broaden Alphabet’s funding access across international debt markets.
Key facts
- 1Alphabet’s two-currency bond offerings attracted combined early orders of about $5 billion, including demand from the banks arranging the transactions. centraloregondaily.com
- 2Alphabet was considering between $1 billion and $1.5 billion from Hong Kong dollar notes plus approximately $1.5 billion from Singapore dollar notes. finance.yahoo.com
- 3The initial yield guidance across the tranches extended from 2.75% to 5.50%. centraloregondaily.com
- 4The bonds were due to settle on November 19 and were expected to receive Aa2 from Moody’s and AA+ from S&P. centraloregondaily.com
Open questions
- Final deal sizes and pricing were not immediately available.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.