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The Economic Times
The Economic Times

Alphabet sells yen bonds worth $3.6 billion, largest such issue by foreign company

Alphabet Bonds Mizuho Securities

Alphabet has sold 576.5 billion yen ($3.6 billion) in yen-denominated bonds, a term sheet showed on Friday, the largest-ever issue by a foreign company.

It is the first yen-denominated ‌debt issue ⁠for ⁠Alphabet, which like other tech giants is in the midst of a huge investment programme in artificial intelligence and has sought to diversify sources of funding.

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