Alphabet Leads Busiest Day for Euro Bond Sales Since January
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Google parent Alphabet Inc. led the biggest rush in months into Europe’s bond market on Tuesday, as borrowers seized on improving investor sentiment to raise cash.
The tech giant is set to raise €6.75 billion ($7.7 billion) from a debut sale of euro bonds in a rare five-part offering, the standout deal among the 20 borrowers coming to the market. They brought a total 27 tranches of debt, the most in a single day since Jan. 7, according to data compiled by Bloomberg.