Alphabet raises $3.9 billion in inaugural Australian dollar bond
The U.S. tech giant raised the amount by issuing 3-, 5-, 10- and 20-year bonds, the term sheet showed. The company set the coupon at 6.9% for the longest tenure bond tranche, according to the term sheet.
Alphabet raised $3.9 billion through issuing bonds in Australian dollars. The bonds had terms of 3, 5, 10, and 20 years, according to the Economic Times Tech. The 20-year bond had a coupon rate of 6.9%, as per the term sheet.
The Australian dollar exchange rate was $0.7075, having eased 0.1% and 0.2% previously, Business Recorder reported.
Reserve Bank of Australia Deputy Governor Andrew Hauser and RBA Governor Michele Bullock have both indicated that interest rates might need to be hiked further to combat inflation, Business Recorder stated.
Brief written by urgent.news from Economic Times Tech, Business Recorder — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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