Microsoft has issued a total of 8 billion dollars in corporate bonds

Source: Internet
Author: User
Keywords Microsoft the largest
Tags company data financing information microsoft total

December 4, according to the Wall Street Journal, the data provider Dealogic information shows that Microsoft has issued a total of 8 billion U.S. dollars in corporate bonds (in dollars and euros), which is the company's largest corporate debt financing in the past more than 10 years.

The company's $80 trillion of corporate debt, which includes $3.25 billion trillion in bonds and € 3.5 billion (about $4.75 billion trillion) of euro bonds, is the largest dollar and euro-denominated corporate debt financing since November 2001, when At&t issued 10.1 billion dollar corporate debt, Dealogic said.

Microsoft's financing also reflects the company's eagerness to seek overseas investors, particularly European investors, and diversify its funding channels with the tightening of traditional bank credit policies.

Since this year, non-European companies have issued a total of $90.1 billion trillion in euro-denominated investment bonds, more than a year ago and set a record high since 2008, Dealogic said.

According to people familiar with the matter, Microsoft's current bond rating is 3-a level, 5-year, 1.25 billion-dollar bond rates are 0.35% higher than the equivalent US Treasury bonds, 10-year, 1.5 billion-dollar bonds are 0.9%, 30-year, 500 million-dollar bonds are 1.05%.

Microsoft's corporate bond offerings include Barclays, HSBC, JPMorgan Chase and Wells Fargo.

Microsoft said the proceeds would be used for general corporate purposes such as operating capital, stock buybacks, acquisitions and repayment of current debt.

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