Alphabet Looks to Support Black Community With Cheap New Bonds

Alphabet has only borrowed in the U.S. investment-grade market a handful of times, with the last issue four years ago. It was cheap to sell bonds then, and could be even more of a steal now — the company may pay just 40 basis points over Treasuries to borrow for five years, according to a person with knowledge of the matter. Inc. initially marketed a similar range for a debt offering in June, which ended up pricing at a spread of 25 basis points, setting a record-low coupon in…

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