"Google plans 4 trillion won bond issuance in Hong Kong and Singapore"

[Financial News] Google’s parent company, Alphabet, is reportedly planning to issue its first bonds denominated in Hong Kong dollars and Singapore dollars, in a total amount of $3 billion (4 trillion won).
Some foreign media outlets reported on the 11th (local time) that sources said the move was intended to gauge demand among Asian investors amid a sharp sell-off in AI-related stocks earlier this month.
The reported issuance under consideration includes HK$8 billion in bonds and S$1.5 billion in bonds, for a minimum of US$2.2 billion (3 trillion won). The size, timing and interest rates have not been finalized.
Bookbuilding and pricing are expected to take place during Asian market trading hours as early as the 12th.
The bonds are expected to be rated Aa2 by Moody’s and AA+ by Standard & Poor’s (S&P).
Alphabet also raised 6 billion euros (9 trillion won) last week by issuing euro-denominated bonds.
Earlier, in August, it issued US dollar-denominated bonds worth $25 billion (33.5 trillion won) and Australian dollar-denominated bonds worth A$5.5 billion (5.009 trillion won).
Meta completed a $15 billion (20 trillion won) U.S. bond offering last week, while Oracle also issued $10 billion (13.5 trillion won) in bonds, as other big tech companies continue to tap the bond market one after another.


[email protected] Lee Seok-woo, International Affairs Specialist Reporter