Bond Investors Are Betting on Another 100 Years of Google
Alphabet’s sale of century bond is the first by a tech company since 1997.
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Money managers are placing wagers today that Google and other businesses owned by Alphabet will still be going concerns a century from now.
Alphabet is selling a 100-year bond in the UK, part of a clutch of debt sales it kicked off this week to fund its ambitions in artificial intelligence. It’s the first century bond issued by a technology company since Motorola sold one in 1997.