🇺🇸Alphabet began marketing its first Hong Kong dollar and Singapore dollar bonds, with proceeds intended for general corporate purposes.

Alphabet began marketing its first bonds denominated in Hong Kong dollars and Singapore dollars. The reported use of proceeds is general corporate purposes, potentially including repayment of existing debt—not a specifically earmarked AI infrastructure investment.

Initial guidance for the Hong Kong dollar offering was approximately 4.6% for two years, 5.0% for five years, and 5.5% for ten years. Singapore dollar guidance was approximately 2.75% for two years, 3.25% for five years, 3.65% for ten years, and 4.0% for thirty years.

These figures are preliminary marketing guidance, not confirmed final coupons or completed issuance terms. A source said pricing could occur as early as Thursday, but the supplied messages do not disclose final issuance sizes or settlement.

The offering follows Alphabet’s first Australian dollar bond issuance in August and issuance in Swiss francs, sterling, Canadian dollars, and yen during the year. Earlier in November, Alphabet raised €6 billion through a multi-tranche euro offering, its second euro financing of the year.