Alphabet plans about $3 billion debut bond sale in Hong Kong and Singapore dollars

Google's parent is testing Asian investor appetite with its first local-currency deals in two major financial hubs after an AI-led market selloff Alphabet is looking to raise about $3 billion equivalent through its first bond sales in Hong Kong dollars and Singapore dollars. Reuters reported the plan, citing two people with knowledge of the matter. The timing is notable. The deal would test how Asian investors feel about Big Tech debt after an AI-led selloff shook global markets earlier this month. The final size, timing and pricing of the offering have not been set, according to the people familiar with the matter. Several reported terms, however, give a clear outline of the deal. The planned bonds are expected to come in several tranches.

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