TNW | Google
Alphabet reportedly raises $3.8B in first Hong Kong and Singapore bonds
Orders topped $7B, letting Google’s parent upsize from a $3B target as it hunts new currencies to fund its AI buildout.
By TNW | Google
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·Excerpt
Alphabet is raising about $3.8B through its first-ever Hong Kong and Singapore dollar bonds, according to term sheets seen by Reuters, beating its own target after investors placed more than $7B in orders.
Google’s parent is selling HK$16B ($2B) of Hong Kong dollar bonds and S$2.28B ($1.8B) in Singapore dollars across seven tranches. It had aimed for $3B combined…
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