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Alphabet issues Euro-denominated bonds to fund AI

Bloomberg +1 · ·by G4L

BCS Barclays plc ADR
$23.19 +3.85%
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  1. 1Alphabet is issuing its second Euro-denominated bond of the year, consisting of seven tranches.
  2. 2The bond features maturities ranging from 2 to 19 years.
  3. 3Initial pricing discussions for the shortest-term fixed-rate tranche are around 60bp over mid-swaps.

So what's the key point?

Alphabet is issuing bonds in Europe to raise money for artificial intelligence. The bonds being issued this time have maturities of up to 19 years.

Source Bloomberg +1 · View original ↗

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