Alphabet becomes first tech company to issue 100-year bonds in nearly three decades.

My favorite comment on the article is “The problem with capitalism is that you eventually run out of other people’s money."

  • night_petal@piefed.socialEnglish
    26·
    9 hours ago

    The last company to do this iirc was Motorola in 1997. You can buy them on the secondary market now for about 80 cents.

      • ebolapie@lemmy.worldEnglish
        4·
        4 hours ago

        They’re actually around 80 bucks, versus an initial value of a cool hundo. But they also pay out like a 5% coupon rate annually, so if you had bought them in '97 you’d be slightly beating inflation.

        • wewbull@feddit.ukEnglish
          3·
          4 hours ago

          So those are associated with Motorola Solutions now, or did the debt move to Lenovo?

          • ebolapie@lemmy.worldEnglish
            2·
            4 hours ago

            Yeah, the debt belongs to Motorola Solutions now. Although it would have been very funny if they somehow stuck Lenovo with it.