Low interest: google mother alphabet takes up 10 billion dollars

The already in the money-floating google parent company alphabet makes use with a billion-heavy bond edition of record low interest rates. The company announced on tuesday to have around 10 billion dollars with debt writing with maturities between FUNF and 40 years. Financial chef’s ruth porat was pleased with the high demand of investors – the bonds were clearly considered.

According to the financial service bloomberg, bids worth more than 38 billion dollars were delivered. Alphabet succeeded in proposing his bonds with seven and forty years of recording low interest rates of only 0.8 or 2.25 percent. The ten-year-old paper of the google mother are only 1.1 percent. 5.75 billion dollars of total unique wants to use alphabet for sustainable purposes such as environment, social and good corporation.

The internet giant has not – on the contrary: the group is already sitting on cash reserves of more than $ 120 billion and pays to the most liquid companies in the world. In view of the extremely low key rates of gross central banks such as the fed or the ECB, the temptation is to accommodate new money, but rough. Therefore, even a number of companies also put on the capital markets, which did not actually have not improved.