Google Parent Alphabet To Raise $20 Billion Via Bond Sale, Stock Slides
Strong Bearish
-100.0
Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) shares declined Tuesday as the tech giant filed documents for a $20 billion multi-tranche bond offering.
According to a Securities and Exchange Commission filing submitted Tuesday, Alphabet is selling seven tranches of notes with maturities ranging from 2029 to 2066.
The offering includes $2.5 billion in 3.700% notes due 2029, $3 billion in 4.100% notes due 2031, $3 billion in 4.400% notes due 2033, $4.25 billion in 4.800% notes due 2036, $1.5 billion in 5.500% notes due 2046, $4 billion in 5.650% notes due 2056, and $1.75 billion in 5.750% notes due 2066, per the filing.
The trade date is Feb. 9, with settlement scheduled for Feb. 13, according to ...Full story available on Benzinga.com
According to a Securities and Exchange Commission filing submitted Tuesday, Alphabet is selling seven tranches of notes with maturities ranging from 2029 to 2066.
The offering includes $2.5 billion in 3.700% notes due 2029, $3 billion in 4.100% notes due 2031, $3 billion in 4.400% notes due 2033, $4.25 billion in 4.800% notes due 2036, $1.5 billion in 5.500% notes due 2046, $4 billion in 5.650% notes due 2056, and $1.75 billion in 5.750% notes due 2066, per the filing.
The trade date is Feb. 9, with settlement scheduled for Feb. 13, according to ...Full story available on Benzinga.com
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