Alphabet's Century Bond Loses Value in Sterling Market
Alphabet's 100-year sterling bond has declined below 90 pence on the pound for the first time, representing a loss of over 10% of its face value. The decline reflects broader market pressures affecting the technology company's debt issued during an aggressive borrowing campaign earlier this year. This significant depreciation highlights the risks associated with ultra-long-term bonds in volatile market conditions.
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Alphabet’s Century Bond Has Now Lost a 10th of Its Face Value
Alphabet's 100-year sterling bond has declined below 90 pence on the pound for the first time, representing a loss of over 10% of its face value. The decline reflects broader market pressures affecting the technology company's debt issued during an aggressive borrowing campaign earlier this year. This significant depreciation highlights the risks associated with ultra-long-term bonds in volatile market conditions.
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