Thursday, April 25, 2013

MSFT: Investment-grade corporate debt has rarely...

2:47 PM Investment-grade corporate debt has rarely been cheaper, and (like Apple) Microsoft (MSFT +0.8%) wants to take advantage. The software giant is reportedly looking to raise over $1.2B via two deals - a $500M+ U.S. offering, and a €550M ($715M) European offering. The offerings, which would amount to Microsoft's fifth debt deal since '09, are said to feature yields of just 35-40bps above comparable Treasurys for 5-year bonds, 70-75 bps above for 10-year bonds, and 90-95 bps above for 30-year bonds. Microsoft had $14.2 in debt on its balance sheet as of March 30, and $85.6B in cash/investments. Read comments

MSFT price at time of publication: $32.01. Check MSFT price now »

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