Alphabet is planning its first bond offerings denominated in Hong Kong and Singapore dollars. The proposed notes are expected to be rated Aa2 by Moody’s and AA+ by S&P; the Hong Kong dollar tranche could include 2-, 5- and 10-year notes.
Alphabet has mandated HSBC and J.P. Morgan as joint global coordinators for a potential dual-currency offering of fixed-rate senior unsecured notes in Hong Kong and Singapore dollars. The Hong Kong dollar tranche could include 2-, 5- and 10-year notes, subject to market conditions. If issued, the notes are expected to receive ratings of Aa2 from Moody’s and AA+ from S&P, in line with Alphabet’s issuer ratings.
