Alphabet Set to Sell Long Aussie Bond at Record Near 7% Cost

Alphabet Inc. is poised to pay just under 7% to borrow longer-dated funds in its debut Australian dollar bond deal, in potentially its highest-ever coupon, underscoring how broader demands for cash among hyperscalers around the world are feeding into more costly funding almost everywhere.

By Finbarr Flynn, Matthew Burgess and Sharon Klyne