Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
This USD Investment Grade screen captures ultralong duration debt from preeminent global technology titans Apple and Microsoft, offering institutional portfolios pristine balance sheet strength paired with rare yield convergence around the 6.20% threshold. Deeply discounted pricing across the curve—exemplified by Microsoft's 2.5% 2050 trading near 54 and Apple's 2.85% 2061 changing hands around 52—delivers exceptional convexity and compelling total return potential for longhorizon duration extension. The opportunity is anchored by fortress AAA and AA+ credit profiles, where names like Microsoft's 4.75% 2055 (yielding 6.25%) provide investors with toptier corporate credit risk premiums without taking on cyclical or leverageheavy sector exposure.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Microsoft Corp. | …BM55 | 4.75 | 6.256 | 79.941 | 2055-11-03 | 2055-05-03 | AAA | USD | 295MM |
| 2 | Apple Inc. | …ER75 | 4.1 | 6.229 | 69.6140057 | 2062-08-08 | 2062-02-08 | AA+ | USD | 1.25BN |
| 3 | Apple Inc. | …EL06 | 2.85 | 6.226 | 52.1884434 | 2061-08-05 | 2061-02-05 | AA+ | USD | 1.4BN |
| 4 | Microsoft Corp. | …CW29 | 2.5 | 6.213 | 54.0672564 | 2050-09-15 | 2050-03-15 | AAA | USD | 1.43BN |
| 5 | Microsoft Corp. | …CD48 | 2.675 | 6.212 | 50.333 | 2060-06-01 | 2059-12-01 | AAA | USD | 3.75BN |
| 6 | Apple Inc. | …DQ02 | 2.95 | 6.208 | 60.4498095 | 2049-09-11 | 2049-03-11 | AA+ | USD | 1.5BN |
| 7 | Apple Inc. | …DG20 | 3.75 | 6.207 | 71.3247857 | 2047-11-13 | 2047-05-13 | AA+ | USD | 1.25BN |
| 8 | Apple Inc. | …EF38 | 2.65 | 6.207 | 55.6499409 | 2051-02-08 | 2050-08-08 | AA+ | USD | 3BN |
| 9 | Apple Inc. | …DW79 | 2.65 | 6.206 | 56.2635257 | 2050-05-11 | 2049-11-11 | AA+ | USD | 2.5BN |
| 10 | Apple Inc. | …DZ01 | 2.4 | 6.203 | 52.9720714 | 2050-08-20 | 2050-02-20 | AA+ | USD | 1.25BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.