Business
Alphabet Is Selling 100-Year Debt as Part of a Big Bond Sale
Alphabet is gearing up to sell bonds that won’t come due for a century, as it becomes the second big tech company to tap the bond market this year after Oracle issued $25 billion of debt a week ago.
The Google parent plans to sell debt in dollars, British pounds and Swiss francs with varying maturities, according to an investor familiar with the matter. That will include debt with maturities of three to 100 years for the sterling debt, and of three to 25 years for the Swiss francs.
The dollar bonds will likely total about $15 billion, the investor said. Final deal sizes could change depending on demand.