The Google Bonds

Yesterday Google officially grew up in the eyes of institutional investors – it floated a $3 billion bond offering to pay off short-term obligations at better rates.  Corporate borrowing rates are at near-record lows, this was a savvy time for Google to get itself out there.  The company has $35 billion in cash as well.

From Bloomberg:

The world’s biggest Internet-search company split the sale evenly between three-, five- and 10-year notes, according to data compiled by Bloomberg. The 1.25 percent, three-year notes yield 33 basis points more than similar-maturity Treasuries, the 2.125 percent, five-year debt pays a 43 basis-point spread, and the 3.625 percent, 10-year securities offer 58 basis points above benchmarks, Bloomberg data show.

The two big ratings agencies give Google some variations of AA, but the bonds priced and sold like AAA paper.

Source:

Google Sells $3 Billion of Bonds in ‘Home Run’ Debut Offering (Bloomberg)

What's been said:

Discussions found on the web
  1. https://eatverts.com commented on Sep 21

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2011/05/17/the-google-bonds/ […]

  2. Bitcoin Era Review 2020 commented on Oct 01

    … [Trackback]

    […] Here you will find 17159 more Info to that Topic: thereformedbroker.com/2011/05/17/the-google-bonds/ […]

  3. Cannabis Oil Shop commented on Oct 13

    … [Trackback]

    […] There you will find 84581 more Info to that Topic: thereformedbroker.com/2011/05/17/the-google-bonds/ […]

  4. Kimber Firearms for Sale commented on Oct 14

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2011/05/17/the-google-bonds/ […]

  5. rbelectricco.com commented on Oct 19

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2011/05/17/the-google-bonds/ […]

  6. 먹튀검증놀이터 commented on Nov 07

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2011/05/17/the-google-bonds/ […]

  7. Digital transformation commented on Nov 27

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2011/05/17/the-google-bonds/ […]

  8. 안전토토사이트 commented on Dec 22

    … [Trackback]

    […] Here you can find 10264 additional Info on that Topic: thereformedbroker.com/2011/05/17/the-google-bonds/ […]

  9. real driver license test online commented on Jan 02

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2011/05/17/the-google-bonds/ […]

  10. Brazino 777 commented on Feb 04

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2011/05/17/the-google-bonds/ […]