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Microsoft Pays Higher Rate to Beat Apple Sale: Corporate Finance | |
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| Time: 10:46 EST/15:46 GMT | News Source: Bloomberg | Posted By: Andi Stabryla | ||
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Microsoft Corp. (MSFT) is paying higher yields on new bonds than in a November sale after it beat the planned return of Apple Inc. (AAPL) to the credit market after an absence of almost two decades. The company, one of four U.S.-based businesses with the highest ratings from Moody’s Investors Service and Standard & Poor’s, issued $1.95 billion of dollar-denominated debt last week with a weighted average coupon of 2.41 percent, exceeding the 2.33 percent for similar bonds it sold five months earlier even with interest rates at about the same level. | ||
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