Google Parent Alphabet Leads High-Grade Issuance Rush

Average high-grade corporate bonds surged in early April after Trump announced steepest tariffs

- Bloomberg

Companies are looking to sell the most high-grade bonds in one day since March, with 15 corporations including Alphabet Inc. preparing blue-chip note sales on Monday, a sign that debt markets are stabilizing after the turmoil brought by tariff announcements early this month.

Alphabet, the parent company of Google, is offering about $4 billion of US high-grade corporate bonds on Monday, according to people with knowledge of the matter. The sale marks Alphabet's first since 2020 when it sold $10 billion of notes. It's separately planning to sell its first bonds in Europe as soon as Tuesday.

Companies, including Procter & Gamble Co., the maker of Crest toothpaste and Dawn dishwashing liquid, and D.R. Horton Inc., the homebuilder, are also teeing up sales, according to people with knowledge of the matter. The 15 offerings that are lined up for Monday would be the most in the US high-grade market by the number of issuers since March 24, when 16 companies sold debt, according to data compiled by Bloomberg News.