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Thursday, Apr 25
It looks like Microsoft (MSFT) will be raising close to $2.7B in its latest debt-financing...
It looks like Microsoft (MSFT) will be raising close to $2.7B in its latest debt-financing effort: the WSJ now reports Microsoft sold $1.95B in U.S. debt, as it shops a €550M ($715M) offering with a 20-year maturity in Europe. For the U.S. offering, Microsoft obtained a rate of just 1.01% on 5-year debt, a mere 70 bps spread over comparable Treasurys for 10-year bonds, and a 90 bps spread for 30-year bonds. The paper previously reported Microsoft was looking to raise $500M+ in the U.S to go with its European offering.