Alphabet's Asian bonds draw strong demand
Alphabet's first Hong Kong- and Singapore-dollar bond offerings attracted approximately $5 billion in early orders on November 12.
Orders exceeded HK$24 billion for the three-tranche Hong Kong offering and S$2.5 billion for the four-tranche Singapore sale. The totals include orders from arranging banks, while final issuance sizes remain undecided.
Strong investor demand could help Alphabet diversify its funding as it expands AI infrastructure investment. The company was considering minimum issuance sizes of HK$8 billion in Hong Kong and S$1.5 billion in Singapore, with final pricing still pending.
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