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Microsoft Does Largest Corporate Debt Sale Of Year
Microsoft (MSFT) on Monday joined the list of companies taking advantage of low interest rates to raise money through bond offerings. Microsoft sold $10.75 billion in new bonds, making it the largest U.S. corporate debt sale so far this year. Microsoft increased the size of its debt offer from $7 billion because of strong demand, the Wall Street Journal reported. The debt carries AAA ratings from Standard & Poor’s Ratings Services and Moody’s