Alphabet啟動60億歐元債券發行，測試市場對科技債需求

達拉・拉納辛格（Dhara Ranasinghe）、安扎爾・梅赫拉吉（Anzar Mehraj）及約魯克・巴切利（Yoruk Bahceli）報導By Dhara Ranasinghe, Anzar Mehraj and Yoruk Bahceli

倫敦，11月2日（路透）——根據其中一家交易管理機構的備忘錄，Google母公司Alphabet週一正在發行60億歐元（67億美元）債券。在外界對AI交易的疑慮近期引發科技股與科技債賣壓後，此次發行將測試投資人需求。LONDON, Nov 2 (Reuters) - Google parent Alphabet is selling €6 billion ($6.7 billion) of bonds on Monday, according to a memo from one of the deal's managers, testing investor appetite after doubts about the AI trade triggered a recent selloff in tech stocks and debt.

路透看到的銷售安排銀行之一的備忘錄顯示，Alphabet將新債分為7個批次發行，總需求略高於170億歐元。Alphabet is offering the new bonds in seven tranches, with total demand just over €17 billion, the memo from one of the banks arranging the sale seen by Reuters showed.

根據提交美國證券交易委員會（SEC）的申報文件，這批債券預計將於週一稍晚定價，到期年限從2年至19年不等，包括1個浮動利率批次和6個固定利率批次。The bonds, expected to be priced later on Monday, have maturities ranging from 2 to 19 years. They include one floating-rate tranche and six fixed-rate tranches, according to an SEC filing.

此次發行是Alphabet今年第二度發行歐元計價債券。該公司5月曾發行90億歐元債券，分為6個批次；此前則在2月罕見發行100年期英鎊債券。The offer marks Alphabet's second euro-denominated sale this year. In May, it sold €9 billion of bonds across six tranches, following a rare 100-year sterling bond sale in February.

近幾週，支撐人工智慧龐大支出所需融資，以及足以合理化這項投資所需報酬的疑慮，已拖累科技股和科技債。科技股占比較高的那斯達克指數10月下跌5%。Concerns about the financing required to support heavy spending on artificial intelligence, and the returns needed to justify that investment, have weighed on technology stocks and bonds in recent weeks. The tech-heavy Nasdaq fell 5% in October.

Alphabet與亞馬遜（Amazon）季度業績令人失望，助長了最新一波波動；兩家公司都是資料中心支出最大的企業之一。The latest bout of volatility has been fuelled by disappointing quarterly results from Alphabet and Amazon, two of the biggest spenders on data centres.

Alphabet表示，擬將淨收益用於一般企業用途，可能包括償還未償債務。Alphabet said it intended to use the net proceeds for general corporate purposes, which may include repaying outstanding debt.

根據SEC申報文件，巴克萊（Barclays）、法國巴黎銀行（BNP Paribas）及德意志銀行（Deutsche Bank）是此次發行的聯席簿記管理人。Barclays, BNP Paribas and Deutsche Bank are the joint book-running managers for the offering, according to the SEC filing.

Alphabet股價上週四重挫逾12%，創下該公司史上最差單日表現，市值蒸發約5,000億美元；此前其季度業績顯示，Google搜尋成長低於預期，現金消耗也令投資人不安。Alphabet's shares fell more than 12% last Thursday, their worst day ever, wiping out roughly $500 billion in market value after its quarterly results showed slower-than-expected growth in Google Search and cash burn that rattled investors.

該公司預期全年資本支出最高可達2,050億美元。For the whole year, the company expects capital spending of as much as $205 billion.

SEC申報文件顯示，截至9月30日，Alphabet也簽署了尚未開始的租約，主要用於資料中心；這些租約的未來付款金額為1,305億美元，尚未列入其資產負債表。As of September 30, Alphabet had also signed leases, mainly for data centres, that have not yet commenced, with future payments of $130.5 billion that are not yet recorded on its balance sheet, the SEC filing showed.

相較之下，微軟（Microsoft）是當季唯一產生現金的科技巨頭。Microsoft, by contrast, was the only Big Tech company generating cash in the quarter.

儘管如此，分析師預期，大型科技公司將在歐洲加大債券發行力度，以為基礎設施投資籌資，並利用當地深厚且流動性高的債務市場。Still, analysts expect major tech companies to step up bond sales in Europe to fund infrastructure investment, tapping the region's deep and liquid debt markets.

Alphabet股價在盤前交易上漲約1%。該公司在美國上市的股票10月下跌近19%，創下有紀錄以來最差單月表現。Alphabet shares were up about 1% in premarket trading. The company's US-listed shares fell nearly 19% in October, their worst monthly performance on record.

其2031年到期、以美元計價的4.1%債券週一幾乎持平，約為每1美元面額95.43美分。Its dollar-denominated 4.1% bond due in 2031 was little changed on Monday at about 95.43 cents on the dollar.

（1美元 = 0.8948歐元）($1 = 0.8948 euros)

（達拉・拉納辛格、安扎爾・梅赫拉吉及約魯克・巴切利報導；阿曼達・庫柏、馬克・波特及托馬什・亞諾夫斯基編輯）(Reporting by Dhara Ranasinghe, Anzar Mehraj and Yoruk Bahceli; Editing by Amanda Cooper, Mark Potter and Tomasz Janowski)