Alphabet Inc. has begun marketing its second euro bond sale of the year, bringing a seven-part offering to investors as major technology companies seek funding for artificial intelligence projects.
The parent company of Google is offering debt with maturities ranging from two to 19 years, according to a person familiar with the matter who requested anonymity.
Initial price guidance for the shortest fixed-rate tranche is approximately 60 basis points above mid-swaps. The longest tranche is being marketed at a spread of about 205 to 210 basis points over mid-swaps.
Sources: Bloomberg Markets.