Alphabet Raises $3.9 Billion Australian Bond

Alphabet has raised A$5.5 billion, or about $3.9 billion, through its first Australian dollar bond issuance. The transaction adds another funding source as the Google parent expands spending on artificial intelligence infrastructure. The company issued bonds with maturities of three, five, 10 and 20 years. Meanwhile, the longest-dated tranche carries a 6.9% coupon. Investor demand… The post…