Microsoft passed a significant milestone in its financial history on Monday as it turned to the bond market for the first time, raising $3.75bn to add to its already sizeable cash pile. The landmark long-term debt issue signals a further break with the company’s traditionally conservative stance towards its balance sheet. Microsoft raised a total of $3.75bn paying yields ranging from 2.97% to 5.21%. The deal was several times subscribed.

This entry was posted by Gwen Robinson on Tuesday, May 12th, 2009 at 5:01 and is filed under Capital markets. Tagged with microsoft. Edit this entry.