May 12th, 2009 
admin 
Recently Microsoft announced in a Securities and Exchange Commission (SEC) filing that the company is offering 5, 10 as well as 30 years senior unsecured notes. According to a press release, the company is going to sell
Over $2 billion of 2.95% notes due 1, June 2014.
Around $1 billion of 4.20%t notes due 1, June, 2019.
Nearly $750 million of 5.20% notes due 1, June 2039.
The giant software producer said it can use earnings from the sale for common corporate purposes like possible acquisitions or stock buybacks. J.P. Morgan Securities Inc. gets the lead sponsor on this sale. The current offer is likely to close 18 May. The company’s shares dropped10 cents. Earlier it was $19.32.
September 2008, the company’s board authorized to receive up to $6 billion in debt. Microsoft authorization came simply before the interest rates were going on. The company is now sitting on over $25 billion in cash. They were capable to wait until interest rates went down and made a move. Corporate debt showing declined last fall but went up again during January. On the other hand, Standard & Poor’s Rating Services (SPRS) rewarded the company as an “AAA” commercial credit rating.
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