MacNN | Microsoft offering over $1.2 billion in bonds in US, EU
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Microsoft offering over $1.2 billion in bonds in US, EU
Thursday, April 25, 2013 @ 4:12pm

Microsoft has commenced selling debt in the US and European markets. According to the Wall Street Journal, the initial offering is a minimum of $500 million. The move is the software developer's fifth offering since 2009, and the company should be able to get the lowest yields of the year for a five-year corporate debt offering.



Initial estimates show the bonds boasting a five-year maturing yielding 0.35 to 0.40 percentage point more than similar Treasury bonds. Ten-year bonds offer 1.05 to 1.15 percentage points, with 30-year bonds sporting 1.25 to 1.30 percentage points. European bond offerings are being offered, with Microsoft looking for $715 million in bonds. The move is similar to what Apple announced in its last set of quarterly earnings, with expected demand for both companies bonds strong. Apple's credit rating is AA+, with Microsoft coming in slightly higher at AAA. Corporate bond offerings are seen as a way for both companies to bridge the current low-yield markets and stave off some financial uncertainties for future quarters, at least until the economic climate improves.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Today's MacNN Stories:

  • Hands On: Hearthstone Heroes of Warcraft 2.5.8416 (iOS, Android) - 8:23 AM EST
  • Google cuts YouTube support for older Apple TV, Google TV, iOS devices - 7:58 AM EST
  • The MacNN Podcast, episode 11: best backup practices, AMD in trouble - 6:35 AM EST

    Today's iPodNN Stories:
  • Briefly: OnePlus One loses invitations, Google frees search history - 6:23 AM EST
  • Android Wear update will include app, Wi-Fi, emoji changes - 1:33 PM EST
  • Nokia reportedly planning return of branded mobile phones for 2016 - 9:05 AM EST
  • Sony unveils Xperia Z4, prepares to ship in Japan this summer - 6:53 AM EST
  • Google Wallet balances now have FDIC protection - 8:43 PM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.