Microsoft plans $25 billion through bond sale, interest rates go up to 6.35%: What to know
New Delhi, Nov. 3 -- Microsoft is planning to raise $25,000,000,000 through a bond sale. In a prospectus supplement filed with the US Securities and Exchange Commission (SEC) on 2 November, Microsoft detailed the terms of the bond offering, including the amount it plans to raise across different maturities, interest rates and how it intends to use the proceeds.
The company priced the bond offering on 29 October, with the transaction expected to close on 4 November.
Reportedly, Microsoft last sold its high-grade debt in 2017, raising 17 billion. It's also the only publicly traded US firm besides Johnson & Johnson with top-tier AAA ratings from Moody's Ratings and S&P Global Ratings, according to Bloomberg.
The timing is hard to miss. It...
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