Alphabet, the parent company of tech giant Google, plans to raise the equivalent of around $3 billion through its first bond issues in Hong Kong dollars and Singapore dollars. Sources told Reuters.
The issues are expected to total at least $2.2 billion and could be launched as early as Thursday. Maturities range from two to 30 years.
Alphabet is increasing its borrowing at the same time as the company invests in data centers and other AI infrastructure. In the first nine months of the year, the company issued a total of $80.8 billion in bonds. Last week, Alphabet also raised €6 billion through a euro bond issue.
HSBC and JP Morgan have been appointed global coordinators for the planned transaction.
