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Microsoft sells US$19.75b of bonds in biggest sale

Investors put in more than US$50b of orders for the deal; strong demand helps it to borrow at lower rates than it paid for the US$13b of bonds that it raised in October
Wednesday, August 3, 2016 - 05:50

Proceeds from Microsoft's bond sale will help finance its planned purchase of LinkedIn Corp, and may also be used for general corporate purposes including working capital, debt repayments and share buybacks, the company said in a filing.

New York

MICROSOFT Corp raised US$19.75 billion in the third largest US corporate bond sale of the year to help finance its planned purchase of LinkedIn Corp.

Investors put in more than US$50 billion of orders for the deal in the software maker's biggest ever sale. The strong

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