Alphabet Bond Spreads Widen as Yields Rise Above February Pricing
Alphabet's bond spreads widened early Thursday after the company launched marketing for a high-grade bond offering of up to $25 billion. According to Trace data, as of 10:28 a.m. ET, premiums on the bonds had widened 6 to 12 basis points from Wednesday's closing levels. Yields implied by current trading prices for every maturity in the $20 billion offering issued in February were above their issuance pricing levels.
Alphabet's bond spreads widened early Thursday after the company launched marketing for a high-grade bond offering of up to $25 billion.
According to Trace data, as of 10:28 a.m. ET, premiums on the bonds had widened 6 to 12 basis points from Wednesday's closing levels.
Yields implied by current trading prices for every maturity in the $20 billion offering issued in February were above their issuance pricing levels.
According to Trace data, as of 10:28 a.m. ET, premiums on the bonds had widened 6 to 12 basis points from Wednesday's closing levels.
Yields implied by current trading prices for every maturity in the $20 billion offering issued in February were above their issuance pricing levels.