Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

What Are Kangaroo Bonds? Why Alphabet Is Borrowing Billions in Australia

Australia’s bond market is drawing increased interest from overseas borrowers. That includes Google’s parent Alphabet Inc., which issued debt in the country for the first time in August to help fund its AI spending. The technology giant raised A$5.5 billion ($3.9 billion) by selling so-called Kangaroo bonds.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

More in Finance & Markets

Asian Markets Trade Mostly Higher

(RTTNews) - Asian markets are mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, with few other markets trading relatively flat amid uncertainty over the reopening…

More from Friday 21 August →