Alphabet Just Borrowed $25 Billion, and $2.5 Billion of It Isn't Due Until 2066
Some of this money doesn't have to be paid back for 40 years. The servers the search giant is buying are depreciated over about six years.
Some of this money doesn't have to be paid back for 40 years. The servers the search giant is buying are depreciated over about six years.
BELLINGS Intelligence Score: 22
Why it matters
Alphabet's $25 billion debt issuance, including ultra-long 2066 maturity notes, is a large corporate refinancing with some novelty in tenor but represents routine market activity without systemic or regulatory impact.
Sources
The Motley Fool
Alphabet Just Borrowed $25 Billion, and $2.5 Billion of It Isn't Due Until 2066
Some of this money doesn't have to be paid back for 40 years. The servers the search giant is buying are depreciated over about six years.
Nasdaq
Alphabet Just Borrowed $25 Billion, and $2.5 Billion of It Isn't Due Until 2066
Key PointsThe ten-tranche offering closed Monday, with coupons running from 4.5% on notes due 2028 to 6.5% on notes due 2066.