Alphabet Reportedly Issues HKD and SGD Bonds for First Time; HSBC HOLDINGS, JPM Joint Global Coordinators
Alphabet Inc. (GOOGL.US) plans to issue HKD and SGD bonds for the first time to expand its participation in Asia's debt market, Reuters, citing bond issuance documents, reported.
Alphabet has appointed HSBC HOLDINGS (00005.HK) and JPMorgan (JPM.US) as joint global coordinators. If the bonds are successfully issued, they are expected to receive Moody's Aa2 and S&P's AA+ ratings, in line with Alphabet's issuer ratings.
The HKD tranche may include 2-year, 5-year and 10-year senior unsecured fixed-rate notes, subject to market conditions.
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AASTOCKS Financial News
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