Target of raising 4.26 trillion won… Alphabet's first bonds in Hong Kong and Singapore

Alphabet ($GOOGL) is pursuing its first-ever Hong Kong dollar- and Singapore dollar-denominated bond sale, targeting roughly $3 billion (about 4.26 trillion won) in proceeds, though final size, timing and pricing remain undecided. The Hong Kong dollar tranche is being considered at a minimum of HK$8 billion (about $1 billion), while the Singapore dollar portion is eyed at a minimum of S$1.5 billion (about $1.2 billion), putting the combined floor near $2.2 billion. The dual-currency deal would mark the Google parent's debut in both markets and diversify its funding base beyond its usual U.S. dollar issuance. The ~$3 billion figure is a fundraising target rather than a confirmed issuance amount, and Reuters reported the plan citing two people familiar with the matter. What to watch next is the final tranche sizes, tenor and pricing once the deal is launched.