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Alphabet (GOOGL.US) issues euro bonds for the second time this year: Amid AI cash burn concerns, the 19-year bond initial spread guidance reaches 210 basis points.
Alphabet has issued euro-denominated bonds for the second time this year, across seven tranches with maturities ranging from 2 to 19 years. Concerns over AI spending have widened credit spreads, and credit default swap contracts surged by 6.4 basis points in a single day to nearly 91 basis points, reaching a historic high.
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