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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

November 2, 2012 at 1:00 PM

Microsoft leads host of companies in selling bonds today

Update 5:17 p.m.:

Microsoft has announced its offering of $2.25 billion of senior unsecured notes. The offering, which is expected to close on Nov. 7, include:

$600 million of 0.875 percent notes due Nov. 15, 2017

$750 million of 2.250 percent notes due Nov. 15, 2022

$900 million of 3.500 percent notes due Nov. 15, 2042

Microsoft says it intends to use the net proceeds from the offering for general purposes, which may include funding for working capital, capital expenditures, repurchases of stock, acquisitions and repayment of existing debt.

Earlier:

Microsoft is selling $2.25 billion of securities in three parts, becoming one of the leading borrowers today as companies in the U.S. sell “at least $17.3 billion of bonds in the busiest Friday this year as issuers stymied by Hurricane Sandy try to complete deals before the U.S. presidential election,” according to a Bloomberg report.

Microsoft may sell $600 million of five-year notes at a relative yield of 27 basis points, $750 million of 10-year securities at a spread of 47 basis points and $900 million of 30-year debt at 67 basis points as soon as today, according to the Bloomberg report which cites a person familiar with the transaction.

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