On August 7 (local time), Alphabet, the parent company of Google, unveiled its ambitious strategy to issue senior unsecured bonds totaling a staggering $25 billion. This offering encompasses a blend of floating-rate and fixed-rate bonds, with maturities spanning from 2 to an impressive 40 years. The longest-dated bond is set to mature in 2066, boasting a maximum coupon rate of 6.5%. This bond issuance has garnered immense interest, drawing subscription orders that sum up to an astonishing approximate value of $115 billion.
