Alphabet’s A$5.5B Kangaroo Bond Smashes Aussie Corp Record
Alphabet priced a four-tranche A$5.5B kangaroo on Aug 19 with orders above A$18B — more than 2x Apple’s prior AUD tech record, all to fund AI capex.
corporate bond market
Verizon Issues $4B in Dollar Hybrid Bonds for the First Time
Verizon priced $4B in its first-ever USD hybrid bonds, completing a $12B global program alongside tender offers on 31 series of legacy debt.
IG Credit Spreads Near 3-Year Lows as Corporate Borrowers Rush In
Investment-grade credit spreads compressed to 79 basis points in May 2026, near their tightest in over three years, as companies race to lock in cheap borrowing costs.
Big Tech’s AI Debt Surge Is Reshaping Corporate Bond Markets
Meta, Alphabet, Amazon and Microsoft will spend ~$700B on AI in 2026 — debt-funding is flooding the investment-grade bond market with record supply.