Alphabet Launches Second Euro Bond Offering of the Year

Google parent Alphabet has launched its second euro bond offering of the year, planning seven tranches with maturities ranging from two to 19 years. According to ChainCatcher, the shortest-maturity bonds carry a spread of about 60 basis points, while the longest carry spreads of 205 to 210 basis points. Barclays, BNP Paribas and Deutsche Bank are managing the offering, which is expected to be priced Monday evening.