Alphabet's $25B bond offering drew $115B orders, signaling AI faith
Business
Alphabet Inc. just pulled off a massive bond sale, raising far more interest than expected.
Investors put in orders for $115 billion, even though only up to $25 billion was on offer.
This huge demand shows how much faith people have in AI-focused companies now, even with the market being somewhat shaky.
Insiders say higher concessions attracted buyers
Alphabet's bond sale drew more attention than recent offerings from Amazon and SpaceX.
Insiders say Alphabet made the deal more appealing with higher concessions to attract buyers.
The sale was handled by banks, like Goldman Sachs and JPMorgan Chase.