Microsoft Issues $25 Billion in Bonds, First Long-Term Debt for New Money Since 2017

Microsoft issued $25 billion in debt split into 10 parts, with $115 billion in demand (4.6x oversubscribed). Some bonds have 40-year maturities. The company last issued long-term bonds for new money in 2017. Microsoft holds a AAA credit rating and positive free cash flow, unlike peers Alphabet, Amazon, Meta, and Oracle.