Alphabet Inc. Launches Seven-Part Euro Bond Sale

Alphabet Inc. launched its second euro bond sale of the year, offering a seven-part series of notes with maturities ranging from two to 19 years. The issuance serves as a measure of investor appetite following a period of stress in technology debt that caused borrowing spreads to widen across the sector.

Initial pricing for the two-year fixed-rate tranche is approximately 60 basis points over mid-swaps. The longest-dated notes, maturing in 19 years, are priced between 205 and 210 basis points over mid-swaps.