- In what's only its second offering of euro-denominated debt, Microsoft (MSFT -0.5%) is selling €3.5B ($4.8B) worth of bonds evenly split up into 8-year and 15-year notes. The notes respectively carry interest rate that's only 50 bps and 75 bps above the mid-swap rate.
- The offering comes a couple months after Microsoft announced a new $40B buyback authorization. The company ended its Sep. quarter with $92.6B in cash/investments, and $15.9B in debt.
- Microsoft raised $2.7B in debt in April, including €550M ($715M) in euro-denominated bonds.
- Update: Microsoft has finished selling the bonds, as well as $3.25B worth of dollar-denominated notes. Total proceeds amount to $8B.
Microsoft selling €3.5B in bonds at low interest rates
Dec 3 2013, 14:34 ET