Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
This screening highlights an exceptional pocket of deepdiscount, highgrade duration among premier USD technology issuers, specifically Microsoft and Apple, offering professional fixedincome investors pristine credit quality paired with yields hovering around the 6.10% to 6.25% range across longdated maturities. The topranked basket is heavily anchored by ultralong paper—such as the AAArated Microsoft 4.75% maturing in November 2055 yielding 6.256% at a cash price below 80, and the AA+rated Apple 3.75% due September 2047 offering a 6.202% YTW at roughly 71.50—presenting compelling convex totalreturn potential for portfolios seeking duration extension without credit compromise. Deeper discount profiles further down the curve, including Microsoft's 2.675% 2060 and Apple's 2.85% 2061 bonds trading near 51 and 53 cents on the dollar respectively, deliver yields in the 6.10%–6.14% tier, combining the unmatched balance sheet strength of these global tech giants with significant capital appreciation runway.
| # | 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. | …DD98 | 3.75 | 6.202 | 71.4919674 | 2047-09-12 | 2047-03-12 | AA+ | USD | 1BN |
| 3 | Apple Inc. | …EK23 | 2.7 | 6.172 | 56.1944926 | 2051-08-05 | 2051-02-05 | AA+ | USD | 1.8BN |
| 4 | Apple Inc. | …DG20 | 3.75 | 6.159 | 71.7746005 | 2047-11-13 | 2047-05-13 | AA+ | USD | 1.25BN |
| 5 | Microsoft Corp. | …CU62 | 4.5 | 6.157 | 80.76 | 2047-06-15 | 2046-12-15 | AAA | USD | 392MM |
| 6 | Microsoft Corp. | …CD48 | 2.675 | 6.137 | 50.9748637 | 2060-06-01 | 2059-12-01 | AAA | USD | 3.75BN |
| 7 | Microsoft Corp. | …CF95 | 3.041 | 6.132 | 55.5225556 | 2062-03-17 | 2061-09-17 | AAA | USD | 1.93BN |
| 8 | Microsoft Corp. | …CW29 | 2.5 | 6.112 | 54.9073715 | 2050-09-15 | 2050-03-15 | AAA | USD | 1.43BN |
| 9 | Apple Inc. | …EL06 | 2.85 | 6.105 | 53.255 | 2061-08-05 | 2061-02-05 | AA+ | USD | 1.4BN |
| 10 | Microsoft Corp. | …CC64 | 2.525 | 6.102 | 55.54625 | 2050-06-01 | 2049-12-01 | AAA | USD | 6.25BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.