Alphabet Sets Initial Price Guidance for Hong Kong and Singapore Dollar Bonds
· 2 sources
Alphabet has set initial price guidance for bond sales in Hong Kong and Singapore dollars, with notes due from 2028 to 2056, per Mezha.net and Zawya.
What happened
Alphabet has set initial price guidance for bond sales denominated in Hong Kong dollars and Singapore dollars, according to Mezha.net and Zawya. Zawya cites a term sheet as the source of the information.
Mezha.net reports that the guidance covers notes due from 2028 to 2056. It adds that one person familiar with the matter previously told Reuters the sales would likely raise at least $2.2 billion.
Zawya reports that HSBC and JPMorgan are acting as joint global coordinators for the offering.
Context
Initial price guidance is an early indication of pricing that is typically given to investors while a bond offering is being marketed.
Why it matters
The offering shows how Alphabet is tapping debt markets in Asian currencies, which may be of interest to those following the company's financing.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$281.32Fair range: $226.51 to $349.40The price ($295.71) is 5.1% above that figure: close to its fair value.
Chance of a rise in 1 month
49%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $274.16 and $317.80; 9 in 10, between $240.51 and $362.26.
$281.32Fair range: $226.51 to $349.40The price ($291.73) is 3.7% above that figure: close to its fair value.
Chance of a rise in 1 month
49%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $271.17 and $312.98; 9 in 10, between $238.80 and $355.41.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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