Alphabet's Aussie Bond Deal Prices at Record-High Coupon Rate

Alphabet Inc., the parent company of Google, is set to price its debut Australian dollar bond deal at around 6.95% for a 20-year tranche, according to emailed guidance from Australia & New Zealand Banking Group.

This marks one of the highest-ever coupon rates for Alphabet in its borrowing history, underscoring the increasingly expensive funding landscape for hyperscalers globally.

The deal is part of a broader trend where companies are facing higher costs to access cash due to strong demand from other investors, particularly those seeking safe-haven assets amidst market volatility.