Funds from the world is supporting $谷歌(GOOG)$
Alphabet, the parent company, recently raised nearly $32 billion in debt financing, demonstrating the tech giants' huge demand for funds in artificial intelligence competitions and their willingness to fund them in the credit market.
The company followed Monday's $20 billion seven-dollar bond offering, followed by sterling and Swiss franc bonds, both of which set record issuance records. The pound bond includes a rare centenary bond, the first time since the dotcom bubble era that technology companies have issued such long-term bonds.
The centennial pound bond was oversubscribed by more than seven times. On February 10, Bloomberg reported that £750m of subscription orders for the £750m centenary bond issue, making it the strongest demand for the five pound bond issues Alphabet on the same day.
Centennial bonds are rare among non-governmental issuers because they require companies to have the ability to survive across economic cycles and financial soundness. The issuance of such ultra-long financing instruments highlights the way technology giants used previously more often in government, universities and other institutions to support their strategic investments.
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