Google parent sees high demand for debt to fight racial inequity
Alphabet is looking to fund organisations that support black entrepreneurs and small and medium businesses affected by Covid-19
03 August 2020 - 20:15
New York — Alphabet, the parent company of Google, is receiving strong demand for new bonds with rock-bottom yields, in a rare debt sale that will help combat racial inequality, among other sustainability projects.
The company is looking to fund organisations that support black entrepreneurs, small and medium businesses affected by Covid-19, as well as affordable housing, among other eligible proceeds listed in bond documents seen by Bloomberg. The borrowings can also be used to finance clean energy projects and green buildings...
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