Financial Highlights from the Recent Week You Should Know About:
- CORPORATE FINANCE: Google Issues 100 yrs Bonds
As tech companies continue to pile money into AI infrastructure, Alphabet (Google’s parent company) has ​issued 100 yr bonds​ denominated in GBP.
A century-old maturity date is very rare and comes with cautions despite the high demand for the bonds.
Maybe Google expects the AI overlords to be in charge by then and they wouldn’t have to pay the the bonds back right? (Nervously laughs…) - INVESTMENT BANKING: Hong Kong’s IPO Boom Highlights Lack of Talent at Chinese Investment Banks
Hong Kong’s IPO market is experiencing a big boom, with many more companies applying to list in Hong Kong than before.
Chinese investment banks are accounting for most of this IPO business, earning a large share of the fees from these listings.
However, they’re ​facing a serious shortage of experienced staff​ and now struggle to handle the sudden rush of deals.
Regulators have warned some these banks about the poor-quality applications and set new limits on how many deals each bank can handle at any one time, leading to fierce competition to hire the right people and risking lower standards or fewer deals in the future. - AI IN FINANCE: BNY Launches 134 AI Agents
One of America’s oldest banks, BNY, recently ​launched 134 AI agents​ or “digital employees” that are focused on very specific and repetitive tasks.
BNY spent approximately 19% of its revenue on technology spend.
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