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Alphabet leads US high-grade issuance rush

Josyana Joshua and Hannah Benjamin-Cook / Bloomberg
Josyana Joshua and Hannah Benjamin-Cook / Bloomberg • 3 min read
Alphabet leads US high-grade issuance rush
Alphabet, the parent company of Google, sold US$5 billion of notes on Monday. The company’s last note sale occurred in 2020, when it raised US$10 billion. Photo: Bloomberg
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Companies including Alphabet sold more than US$18 billion ($23.57 billion) of high-grade bonds on Monday, the most in one day since March, the latest sign that debt markets are stabilising after the turmoil brought by tariff announcements early this month.

Alphabet, the parent company of Google, sold US$5 billion of notes. The company's last note sale occurred in 2020, when it raised US$10 billion. It's separately planning to sell its first bonds in Europe as soon as Tuesday.

Other companies including Procter & Gamble and homebuilder D.R. Horton also sold notes. The deals spanned across 15 companies, and the total money raised was the most since March 24's US$24.15 billion, according to data compiled by Bloomberg.

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