Microsoft expects to raise $25 billion in US bond sale, source says
Jake Thompson has a degree in Journalism from the University of North Dakota and has spent the last three years reporting for business publications in the region. He specializes in local finance, investment opportunities, and economic development.
More from Jake →
By Saeed Azhar Oct 29 (Reuters) Microsoft is planning to raise about $25 billion through its first US investment-grade bond sale in more than nine years, a source familiar with the matter told Reuters on Thursday. The bond sale would make Microsoft the latest tech giant to tap into debt markets to fuel their AI ambitions. Bloomberg News first reported the news. The world s largest tech firms have turned to selling bonds and raising equity over the past year to pay for their AI spending spree, a shift in approach for the Silicon Valley giants that have typically relied on their large coffers to fund investments. Microsoft is selling the debt in as many as 10 tranches, with maturities ranging from two to 40 years, Bloomberg reported, adding that no final decision had been made on the offering s size and that it may change according to demand. Wells Fargo, JPMorgan Chase and UBS Group AG are managing the bond offering, according to the report. UBS and Wells Fargo declined Reute