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Microsoft Sells $13 Billion of Bonds in Month's Busiest Day

  • AAA company's largest deal ever by more than $2 billion
  • Locking in low borrowing costs as Fed debates rate increase
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Microsoft Corp. tapped the bond market for $13 billion Thursday, its biggest sale ever, in the busiest session of the month for high-grade issuers.

The seven-part deal eclipsed a mark set just eight months ago by the tech giant as it raises money to repurchase stock and repay existing debt. It sold its longest portion, a 40-year bond, at a yield that was 1.8 percentage points more than comparable government debt, according to data compiled by Bloomberg. Mead Johnson Nutrition Co. and Dr Pepper Snapple Group Inc. also sold bonds today.