Google owner Alphabet issues record $10 billion bond at lowest-ever price

New York: Alphabet Inc borrowed $10 billion in the investment-grade corporate debt market on Monday, the Google parent’s largest ever bond issue, which it secured at its lowest-ever cost of financing.

Of the $10 billion on offer, the $1 billion five-year tranche was issued at a coupon of 0.45 per cent, the lowest coupon seen at that maturity since Apple Inc issued a $1.5 billion five-year note at 0.45 per cent in 2013.