Alphabet, Google’s parent company, has launched its second euro-denominated bond sale of the year, according to ChainCatcher. The offering is structured in seven parts, with maturities ranging from 2 years to 19 years. Initial pricing guidance showed the shortest-dated tranche at about 60 basis points in spread, while the longest-dated tranche was indicated at 205 to 210 basis points. Barclays, BNP Paribas, and Deutsche Bank are managing the deal. Pricing is expected on Monday evening. The update did not disclose the total size of the issuance.
Alphabet, the parent company of Google, has started its second euro bond sale of the year, according to ChainCatcher.
The deal is planned in seven tranches, with maturities ranging from 2 years to 19 years. The shortest tranche was indicated at a spread of about 60 basis points, while the longest tranche was guided at 205 to 210 basis points.
Barclays, BNP Paribas, and Deutsche Bank are leading the issuance. Pricing is expected on Monday evening.
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