Alphabet (GOOGL) Stock: What Its Record Australian Bond Deal Means for Investors
TLDR
- Alphabet is planning its first Australian dollar bond sale, targeting around A$5 billion ($3.6 billion)
- The deal would be the largest corporate debt issue ever sold in Australia, beating Appleโs record of $2.25 billion
- Alphabet raised $25 billion through a dollar bond sale earlier this month, attracting $115 billion in investor orders
- In Q2 2026, Alphabet raised its capex plan by $15 billion, with full-year spending now expected between $195 billion and $205 billion
- Wall Street holds a Strong Buy consensus on GOOGL, with an average price target of $422.59, implying around 22% upside
Alphabet is moving into the Australian bond market for the first time, looking to raise around A$5 billion ($3.6 billion). GOOGL stock was up 0.70% in pre-market trading on Monday, with the stock opening at $345.90 on Friday.
The deal has already drawn attention. Chamath De Silva, head of fixed income at Betashares, called it โa historic moment for the Australian corporate bond market.โ He noted it would be the first time a US large-cap tech company has issued a Kangaroo bond in almost a decade.
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