Microsoft Plans $4.75 Billion, 4-Part Bond Sale
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Microsoft Corp., the world’s biggest software maker, plans to sell $4.75 billion of bonds a day after its board boosted the company’s dividend and approved the issuance of as much as $6 billion in new debt.
Proceeds may be used to fund working capital, capital expenditures, stock buybacks and acquisitions, the Redmond, Washington-based company said today in a regulatory filing that didn’t disclose the size or timing of the sale. The bonds may be sold as soon as today, said a person familiar with the transaction said, who declined to be identified as terms aren’t set.