June 30 (Bloomberg) -- Oracle Corp. sold $10 billion of notes in the second-largest dollar-denominated corporate bond offering this year to help finance the purchase of Micros Systems Inc.
The issue included $2 billion each of 3.4 percent, 10-year, fixed-rate bonds and 2.3 percent securities due 2019, according to data compiled by Bloomberg. The company also sold $1 billion of three-year and $750 million of five-year floating-rate notes, the data show.
Proceeds will be used for general corporate purposes, which may include stock repurchases, dividend payments, refinancing of debt and acquisitions including the company’s pending purchase of Micros, according to a regulatory filing.
The offering ranks behind Apple Inc.’s $12 billion sale in April this year, Bloomberg data show.
Oracle agreed to buy Micros for $5.3 billion on June 23. The Redwood City, California-based software maker has announced plans this year to acquire five companies including Micros, Bloomberg data show.
The debt offering also included $1 billion of 4.5 percent, 30-year bonds, $1.5 billion of 2.8 percent, seven-year notes and $1.75 billion of 4.3 percent, 20-year debentures, the data show.
The bond sale is Oracle’s first in almost a year. Last July the company issued $3 billion of securities in three parts, Bloomberg data show.
That offering included $1 billion of 3.6 percent, 10-year notes that yielded 110 basis points more than similar-maturity Treasuries. The securities of the same maturity Oracle sold today yielded 90 basis points more than government bonds, Bloomberg data show. A basis point is 0.01 percentage point.
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