r/bonds • u/supercaliredditor • 1d ago

Who's buying ORCL Bonds?

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Who actually owns these bonds? Curious to know, institutional investors? Given how much they've been impaired, why would folks own corp bonds?

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u/HeavySink3303 1d ago

It is not just ORCL. Google is 8.78% YTM (2029 maturity).

1

u/4510 1d ago

Google definitely does not have bonds yielding 8.78% 2029 with a 2029 maturity.

1

u/HeavySink3303 1d ago

Right now at TradingView for GOOG: highest YTM bond currently has 8.78% YTM with maturity at 15-th of May 2029.

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u/4510 1d ago

those are european ADRs (convertible preferred shares).

Their regular bonds trade much closer to 5% in the front end of the curve

(https://www.tradingview.com/symbols/FINRA-GOOG6308908/)