7/102 sources · 2 publishersUpdated Nov 12, 05:50 UTC
Alphabet announces initial price guidance for HKD and SGD bond offerings
Alphabet set initial price guidance for its first dollar‑denominated bond sales in Hong Kong and Singapore. The 2028‑2036 Hong Kong dollar notes are priced between 4.60% and 5.50%, while the 2028‑2056 Singapore dollar notes range from 2.75% to 4.00%. The offerings, coordinated by HSBC and JPMorgan, target at least $2.2 billion in proceeds and are rated Aa2 by Moody’s and AA+ by S&P. Settlement is expected on 19 November.
Why it matters
The $2.2 billion raise will add to Alphabet’s cash reserves and may improve its liquidity profile, while the pricing sets a benchmark for future corporate debt in Asian markets.
Key facts
- 1Hong Kong dollar notes (2028‑2036) have initial price guidance of 4.60% to 5.50% investing.com
- 2Singapore dollar notes (2028‑2056) have initial price guidance of 2.75% to 4.00% investing.com
- 3The bond sales aim to raise at least $2.2 billion investing.com
- 4Bonds are rated Aa2 by Moody’s and AA+ by S&P investing.com
- 5HSBC and JPMorgan are coordinating the sales investing.com
- 6Settlement is scheduled for 19 November mezha.net
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.