Bloomberg : Sources: Microsoft is seeking to raise $25B+ in its first US investment-grade bond sale since 2017, when it raised $17B, to fund AI-related capital expenditures — Microsoft Corp. is looking to raise at least $25 billion from its first US investment-grade bond sale in more than nine years …
Sources: Microsoft is seeking to raise $25B+ in its first US investment-grade bond sale since 2017, when it raised $17B, to fund AI-related capital expenditures (Bloomberg)
In short
Microsoft Corp. is preparing a US investment-grade bond sale targeting a minimum of $25 billion to fund artificial intelligence-related capital expenditures. The offering ends the firm's prolonged absence from the domestic investment-grade market spanning more than nine years. The prospective issuance surpasses the company's prior major debt transaction conducted in 2017, where it raised $17 billion.
Key points
- The tech giant is returning to the US investment-grade bond market for the first time in…: The tech giant is returning to the US investment-grade bond market for the first time in over nine years.
- Capital raised from the offering will be directed straight into artificial intelligence i…: Capital raised from the offering will be directed straight into artificial intelligence infrastructure and related spending.
- The new multi-billion-dollar fundraising effort comfortably eclipses the company's previo…: The new multi-billion-dollar fundraising effort comfortably eclipses the company's previous corporate debt issuance from 2017.