Alphabet is preparing its first bond sales denominated in Hong Kong and Singapore dollars, seeking to raise roughly $3 billion. The Hong Kong dollar tranche would have a minimum size of about HK$8 billion, while the Singapore dollar tranche is planned at at least S$1.5 billion. The bonds would be issued in several tranches, with potential maturities ranging from two to 30 years, and a launch date of November 12, 2026, is under consideration. The proceeds are earmarked in part for data centres and artificial intelligence infrastructure following an AI-led market selloff. HSBC, JPMorgan and Bank of China (Hong Kong) are among the mandated lead banks, and the bonds are expected to receive top-tier credit ratings.
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