Alphabet closes €6 billion euro-denominated bond sale

Alphabet Inc. said it closed an underwritten public offering of €6 billion in euro-denominated senior notes on Thursday. The company disclosed the deal in a filing with the Securities and Exchange Commission.

Senior notes are a type of corporate bond, a debt the company must repay with interest. Because the notes are denominated in euros, the amounts are set in that currency, not in U.S. dollars.

According to the filing, the offering has seven parts. Two mature in 2028: €750 million in floating rate notes and €750 million in notes with a 3.700% rate. The largest part is €1.25 billion in 4.050% notes due 2030.

The remaining parts are €750 million in 4.250% notes due 2032, €750 million in 4.500% notes due 2035 and €750 million in 4.875% notes due 2039. The longest is €1 billion in 5.250% notes due 2045.

Alphabet said the notes were issued under a registration statement it had filed with the SEC. They were also issued under an indenture, the contract that sets the terms between a bond issuer and its trustee. That agreement is dated Feb. 12, 2016, and names The Bank of New York Mellon Trust Company, N.A. as trustee.

The filing does not say how Alphabet plans to use the proceeds. It does not name the underwriters or the buyers of the notes, and it does not give the offering price. It also does not explain how the interest rate on the floating rate notes will be set.

The report is an 8-K, a form public companies use to disclose significant events. Anat Ashkenazi, Alphabet’s senior vice president and chief financial officer, signed it. The filing lists as exhibits the forms of the notes and a legal opinion from the law firm Cleary Gottlieb Steen & Hamilton LLP about the notes.

The filing says the descriptions of the notes and the indenture are qualified by the full text of those documents, which are included as exhibits.