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罕见“百年债”要来了!Alphabet拟发行100年期英镑债

FX1682026年2月10日 01:08
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FX168财经报社(北美)讯 Alphabet已安排投行推动一笔罕见的100年期债券发行,此举标志着大型科技公司为在今年加速投入人工智能(AI)而掀起的借债潮进一步升级。

据知情人士透露,这只所谓“世纪债”将成为谷歌母公司Alphabet本周首次英镑计价发债的一部分。

知情人士还表示,Alphabet周一还在出售200亿美元的美元债,并安排发行一笔瑞士法郎债券。由于需求强劲,美元债发行规模从150亿美元上调至200亿美元。

“世纪债”——几乎是极端意义上的长期融资——非常罕见。尽管在金融危机后超低利率时期曾出现过一波发行热潮,包括奥地利和阿根廷等政府发行的超长期债券。

此前进入英镑“百年债”市场的发行人仅包括:牛津大学、法国电力公司(EDF)以及惠康信托(Wellcome Trust,最近一次在2018年)。在科技行业,这类超长期债券更是罕见,因为多数大型科技公司最长通常发到40年期;不过,IBM早在1996年曾发行过100年期债券。

预计大型科技公司及其供应链企业今年将在AI基础设施上投资接近7000亿美元,并越来越多地转向债券市场,为大规模数据中心建设融资。

Alphabet在去年11月曾在美国市场发行175亿美元债券,其中包括一只50年期债券——这是去年科技公司发行的期限最长的美元债。此外,Alphabet还在欧洲市场融资65亿欧元。

上周,甲骨文(Oracle)通过发债筹集250亿美元,订单规模超过1250亿美元。

在最近一次财报中,Alphabet、亚马逊(Amazon)与Meta均上调资本开支计划,引发外界质疑:它们是否能够仅依靠经营现金流为这场前所未有的支出狂潮买单。

上周,谷歌母公司Alphabet公布年销售额首次突破4000亿美元,并在最新季度的营收与利润均超出市场预期。公司表示,今年资本开支计划最高可达1850亿美元,约为去年的两倍,以把握其Gemini AI助手需求激增带来的机会。

到2025年,Alphabet的长期债务跃升至465亿美元,较上一年增加逾四倍;不过公司在年末仍持有现金及等价物约1268亿美元。

据知情人士透露,周一美元债中投资者需求最强的是最短端品种:3年期债券最终定价仅比美债高0.27个百分点,而初步价格讨论阶段曾为高0.6个百分点。

该交易中最长端的40年期债券预计将以比美债高0.95个百分点的收益率发行,低于初步讨论时的高1.2个百分点。

美银(Bank of America)、高盛(Goldman Sachs)与摩根大通(JPMorgan)担任这三种货币债券发行的簿记管理人。三家机构均拒绝置评或未立即回应置评请求。

Alphabet方面也未立即回应置评请求。

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