Alphabet bond deal widens Canadian corporate and provincial spreads

1 articles · Updated · Bloomberg · May 5

The Google parent is selling a record C$8.5bn in four loonie-denominated tranches from five to 30 years, its first Canadian-dollar bond sale.
Books reached about C$19bn to C$20bn by mid-morning, showing strong demand but also straining the market's capacity to absorb the issue.
The sale is the biggest bond offering on record in Canada's market, with investor appetite for the hyperscaler's debt rippling across broader credit pricing.

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