Microsoft Sells $19.75 Billion of Bonds in Its Biggest Ever Sale
Microsoft Joins Companies in Deep End of Bond Pool
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Microsoft Corp. raised $19.75 billion in the third-largest U.S. corporate bond sale of the year to help finance its planned purchase of LinkedIn Corp.
Investors put in more than $50 billion of orders for the deal in the software maker’s biggest ever sale. The strong demand helped Microsoft to borrow at lower rates than it paid for the $13 billion of bonds it raised in October. It also saved about $40 million in annual interest payments compared with what it was offering to pay initially, according to people familiar with the matter.