Alphabet raises A$5.5bn in Australia, more than doubling a record Apple set in 2015

Alphabet priced a five-tranche Australian-dollar bond totaling A$5.5 billion, surpassing the market’s A$5 billion estimate and breaking Apple’s 2015 record of A$2.25 billion. The 20-year tranche carries a 6.9% coupon, and the issuance supports heightened capex after Alphabet reported a $5.9 billion free-cash-flow deficit.