Google's rare 100-year bond issue met with adviser scepticism

The 100-year bond has raised around £1bn and comes with a 6.125% interest rate. Century bonds are very rare and are more commonly issued by government entities as opposed to corporate borrowers, with only a small group including the University of Oxford, EDF Energy and the Mexican government issuing these bonds. Demand typically comes from larger institutional investors, such as pension funds, rather than individual investors. But interest in this particular bond far exceeded expectations, with the bond oversubscribed by around 10 times. With the investment attracting significant dema...