Technology giant “Microsoft” has collected 19.75 billion through the third largest emission of corporate bonds in the US this year, in order to facilitate the financing of the acquisition of social network “LinkedIn”.
Investors offered 2.5 times the volume of emissions, or 50 billion euros, reports “Bloomberg”.
The strong demand of investors helped “Microsoft” to borrow at lower rates. The concern of investors should not be surprising, given that “Microsoft” and “Johnson & Johnson” are the only two other US companies that have managed to maintain the top AAA rating.
New bonds of “Microsoft” are issued with maturities of 3 to 40, and most interest was bonds with maturities of 10 and 30 years.
Bond market offers higher US yields after monetary policy Evrospkata Central Bank and the Bank of Japan raised the rate of return in a negative direction.