Alphabet Raises $3.89 Billion in Inaugural Australian Dollar Bond Offering

Alphabet has raised A$5.5 billion ($3.89 billion) through its inaugural Australian dollar debt issuance, according to a term sheet reviewed by Reuters.

The offering spanned four bond maturities and drew investor bids exceeding A$18 billion, underscoring robust appetite for new tech-sector notes.

Alphabet's decision to issue across four tranches with maturities of 3, 5, 10, and 20 years points to the company's intention to build a complete Australian dollar yield curve.

The 6.9% coupon on the 20-year tranche reflects prevailing Australian dollar swap rates and corporate credit spreads.