Google owner Alphabet issues $15 billion in corporate bonds for major investment

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Google owner Alphabet issues $15 billion in corporate bonds for major investment
Photo: Juliana Yamada AP/TT

Google's parent, Alphabet - which recently flagged unexpectedly large investments this year - is in the bond market and taking out new long-term loans, Bloomberg reports, citing sources.

According to reports, they are corporate bonds in seven different series that will raise around $15 billion (approximately SEK 135 billion).

The announcement comes after Alphabet said in a financial statement that this year's investment budget was $185 billion, which was significantly more than expected.

The initiative comes after Oracle, another major player in the sector, raised $25 billion in corporate bonds.

Initial pricing estimates for Alphabet's longest-term bond - a 40-year corporate bond - are around a 1.20 percentage-point risk premium over U.S. Treasury bonds of similar maturity, according to an anonymous source.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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