Microsoft’s $25 billion bond sale draws $115 billion in orders amid AI spending surge
- Microsoft has priced a $25 billion bond sale, its first US investment-grade offering since 2017.
- Orders peaked at $115 billion, 4.6 times the amount on offer, with coupons from 4.85% to 6.35%.
- The sale came three days after Microsoft offered voluntary exits to about 60,000 of its 223,000 staff.
- Microsoft has forecast about $175 billion of capital expenditure for 2026 as AI data centre bills climb.
Source: timesofindia.indiatimes.com
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