According to the term sheet, Alphabet is planning its first-ever HKD and SGD bond issuance as part of efforts to expand its presence in the Asian bond market. The Google parent company has mandated HSBC and JPMorgan as joint global coordinators for the proposed dual-currency fixed-rate unsecured senior notes offering. Should the issuance proceed successfully, the bonds are expected to be rated Aa2 by Moody's and AA+ by S&P, in line with Alphabet's issuer rating.
