Microsoft Completes Pricing of $25 Billion 10-Tranche Bond Deal, Longest Maturity Out to 2066

October 30: According to U.S. SEC filings, Microsoft has completed pricing of a 10-tranche U.S. dollar notes offering totaling $25 billion, including $1 billion each of floating-rate notes maturing in 2028 and 2029, plus eight tranches of fixed-rate notes maturing between 2028 and 2066 totaling $23 billion, with coupons ranging from 4.85% to 6.35% and spreads of 25 to 105 basis points over comparable U.S. Treasuries. The notes will settle on November 4 and carry ratings of Aaa from Moody's and AAA from S&P. This is Microsoft's first U.S. dollar bond issuance since 2017.