Alphabet Inc., the parent company of Google, issued a 100-year bond in the pound market earlier this year during a global bond issuance; The price of the bond fell below the face value of 90 pence per pound for the first time
Alphabet Inc., the parent company of Google, issued a 100-year bond in the pound market earlier this year during a global bond issuance. The price of the bond fell below the face value of 90 pence per pound for the first time. The 1 billion pound ($1.34 billion) bond due in 2126 traded at 89.978 pence on Thursday, data compiled by Bloomberg showed. When the tech giant issued the bond in February, it was priced slightly below face value. Its risk premium relative to the risk-free benchmark interest rate once hit a high of 139.8 basis points. This bond has the longest remaining maturity of any benchmark-sized senior corporate bond globally.