Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
This curated USD investmentgrade theme highlights ultralongduration senior debt from premier global technology titans, specifically Apple and Microsoft, currently offering compelling yields hovering just above the 6.0% threshold. With deepdiscount prices spanning the lowtomid 50s and high 70s, these highgrade instruments—exemplified by Microsoft's 4.75% 2055 offering at a 6.136% YTW and Apple's 4.1% 2062 paper at 6.077%—provide institutional portfolios with exceptional convexity and duration extension. Backed by fortress balance sheets and toptier credit ratings (AAA to AA+), these cashgenerative secular leaders present an attractive entry point to lock in robust longterm yields while mitigating default risk in a volatile macroeconomic environment.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Microsoft Corp. | …BM55 | 4.75 | 6.136 | 81.32 | 2055-11-03 | 2055-05-03 | AAA | USD | 295MM |
| 2 | Microsoft Corp. | …CW29 | 2.5 | 6.078 | 55.2155 | 2050-09-15 | 2050-03-15 | AAA | USD | 1.43BN |
| 3 | Apple Inc. | …ER75 | 4.1 | 6.077 | 71.2845 | 2062-08-08 | 2062-02-08 | AA+ | USD | 1.25BN |
| 4 | Apple Inc. | …EL06 | 2.85 | 6.062 | 53.655 | 2061-08-05 | 2061-02-05 | AA+ | USD | 1.4BN |
| 5 | Apple Inc. | …EG11 | 2.8 | 6.052 | 53.224 | 2061-02-08 | 2060-08-08 | AA+ | USD | 1.75BN |
| 6 | Apple Inc. | …DQ02 | 2.95 | 6.049 | 61.8715 | 2049-09-11 | 2049-03-11 | AA+ | USD | 1.5BN |
| 7 | Microsoft Corp. | …CD48 | 2.675 | 6.049 | 51.7471667 | 2060-06-01 | 2059-12-01 | AAA | USD | 3.75BN |
| 8 | Apple Inc. | …DW79 | 2.65 | 6.042 | 57.688 | 2050-05-11 | 2049-11-11 | AA+ | USD | 2.5BN |
| 9 | Apple Inc. | …EF38 | 2.65 | 6.042 | 57.0875 | 2051-02-08 | 2050-08-08 | AA+ | USD | 3BN |
| 10 | Apple Inc. | …EK23 | 2.7 | 6.042 | 57.344 | 2051-08-05 | 2051-02-05 | AA+ | USD | 1.8BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.