Alphabet kicks off €6 billion bond sale, tests appetite for tech debt
Alphabet, the parent company of Google, is selling €6 billion in bonds on Monday, testing investor appetite after recent volatility in tech stocks and debt. The deal, arranged by Barclays, BNP Paribas, and Deutsche Bank, includes seven tranches with maturities ranging from 2 to 19 years, and is expected to have total demand of over €17 billion.
This marks Alphabet's second euro-denominated bond sale this year, following a €9 billion offering in May. The company plans to use the proceeds for general corporate purposes, which may include repaying outstanding debt. Analysts anticipate that major tech companies will increase bond sales in Europe to fund infrastructure investments.
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