* This is a partial quote from an article in Kyunghyang Shinmun.
https://news.naver.com/article/032/0003427013
https://www.khan.co.kr/article/202602101511011
Alphabet, Google's parent company, is pushing for the issuance of ultra-long-term bonds with maturities of up to 100 years to raise funds for its "all-in on AI" strategy.
Bloomberg News and the Financial Times (FT) reported on September 9th (local time) that Alphabet is planning to issue dollar-denominated bonds worth $20 billion (approximately 29 trillion won).
The dollar-denominated bonds issued by Alphabet will have seven different maturities. The longest bond has a maturity of 40 years, expiring in 2066. Alphabet is also venturing into bond issuance for the first time in Switzerland (Swiss francs) and the UK (pounds sterling). While the specific size of the bond issuance hasn't been disclosed, it's rumored that some of the bonds to be issued in the UK will have maturities of up to 100 years. The pound sterling market is known for its preference for ultra-long-term bonds due to demand from pension funds and insurance companies.
It is unusual for an information technology (IT) company to issue ultra-long-term bonds with maturities of 100 years. The last time this happened was 30 years ago, in 1996 by IBM and in 1997 by Motorola during the "dot-com bubble" era.
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* Similar content Bloomberg article
Alphabet Plans Tech’s First 100-Year Bond Since Dot-Com Era
https://finance.yahoo.com/news/alphabet-plans-tech-first-100-163611765.html
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https://finance.yahoo.com/news/alphabet-looks-raise-15-billion-133028283.html
https://x.com/business/status/2021125233403404497
