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What does this mean? I clicked on your link. I'm also not sure what "SELL $5.75 BILLION OF ESG BONDS IN CORPORATE RECORD" means?
by gabagool 6y ago
What does this mean?
I clicked on your link. I'm also not sure what "SELL $5.75 BILLION OF ESG BONDS IN CORPORATE RECORD" means?
- texasbigdata 6y agoProbably the implication is that with really cheap funding (bonds) they can swash buckle across corporate america and buy stuff? It's most likely a coincidence. Google had $120B of cash on its balance sheet at 12/31/19.
- kissickas 6y agoAlphabet is selling some record amount of corporate bonds, which OP states they're using to finance this purchase (and that they raised 12.8 times this amount so there's plenty left to make more acquisitions). More detail on Alphabet's bond sale: https://www.washingtonpost.com/business/on-small-business/alphabet-borrowing-575-billion-in-largest-corporate-esg-bond/2020/08/03/f483a1de-d595-11ea-a788-2ce86ce81129_story.html https://www.washingtonpost.com/business/on-small-business/al...