Microsoft Sets Terms on $17 Billion Bond Sale – Wall Street Journal

Microsoft Corp. sold $17 billion of bonds, capping a busy month for corporate-debt issuance with the largest deal of the young year.

Surprising investors with such a big deal so soon after it sold $19.75 billion of bonds last August, Microsoft nonetheless met with a warm reception Monday from the market, allowing it to increase the size of the offering from an initial estimate of $14 billion.

Proceeds from the seven-part…

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