Microsoft is conducting its first investment-grade bond issuance since 2017 as AI-driven investment lifts financing demand. The deal is split into 10 benchmark tranches with maturities from 2 to 40 years. The longest tranche, due 2066, carried initia

2026-10-29

Microsoft is conducting its first investment-grade bond issuance since 2017 as AI-driven investment lifts financing demand. The deal is split into 10 benchmark tranches with maturities from 2 to 40 years. The longest tranche, due 2066, carried initial price guidance of up to 135 bps over U.S. Treasures. Wells Fargo, JP Morgan and UBS are leading the sale. Proceeds are earmarked for general corporate purposes, including capex. Microsoft’s prior investment-grade bond offering was in 2017, when it raised $17.0 bln across seven tranches.