Microsoft sold 25 billion dollars of senior notes on Monday across ten tranches maturing between 2028 and 2066, according to the final prospectus supplement the company filed with the Securities and Exchange Commission.
The fixed rate tranches run from 2 billion dollars of 4.850 percent notes due 2028 to 2 billion dollars of 6.350 percent notes due 2066, with the largest single tranches at the long end: 4 billion dollars of 5.550 percent notes due 2036 and 4 billion dollars of 6.250 percent notes due 2056. Two floating rate tranches, 1 billion dollars due 2028 and 1 billion dollars due 2029, complete the sale. Microsoft said the net proceeds will be used for general corporate purposes, which may include working capital, capital expenditures, repurchases of its capital stock, acquisitions and repayment of existing debt.
The offering is the largest of a single day of technology issuance. Oracle launched twin 10 billion dollar offerings of senior notes and common stock on Monday, Alphabet opened a euro notes sale, and Meta was reported to be considering a bond offering of at least 20 billion dollars, as the largest artificial intelligence builders fund data centres with debt at a pace that has made technology the dominant source of investment grade supply this year.