Alphabet’s Century Bond Has Now Lost a 10th of Its Face Value

Alphabet’s newly issued 100-year sterling bond has fallen below 90 pence on the pound for the first time, after the company “gorged on debt” earlier this year. The move signals widening price stress in the company’s long-dated credit despite no new operational disclosure in the article.

Analysis

Alphabet’s newly issued 100-year sterling bond has fallen below 90 pence on the pound for the first time, after the company “gorged on debt” earlier this year. The move signals widening price stress in the company’s long-dated credit despite no new operational disclosure in the article.