Workday (WDAY) is offering $440M worth of convertible senior debt - half of it will be due in...

|About: Workday (WDAY)|By:, SA News Editor

Workday (WDAY) is offering $440M worth of convertible senior debt - half of it will be due in 2018, and the other half in 2020. Meanwhile, cloud HR software peer Cornerstone OnDemand (CSOD) is also selling $220M worth of convertible senior notes due 2018 (but nothing for 2020). Both companies say they'll use the proceeds for "general corporate purposes" - is one or both about to join Salesforce in going M&A hunting?