Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
This curated USD Investment Grade theme focuses on ultralong duration technology debt from premier balance sheets, specifically Microsoft and Apple, offering professional fixedincome investors rare entry points into highgrade corporate paper with yields comfortably clearing the 6% threshold. The screened universe heavily discounts deepmarket instruments, led by the MSFT 4.75% maturing in November 2055 trading at an attractive 81.32 price point to yield 6.136%, alongside ultralong Apple paper like the AAPL 4.1% 2062 offering a comparable 6.077% YTW at a cash price of 71.28. With substantial price compression pushing heavydiscount issues deep into the 50s and 70s—such as the MSFT 2.5% 2050 at 55.22 yielding 6.078% and the AAPL 2.85% 2061 at 53.66 yielding 6.062%—this segment delivers compelling totalreturn and durationextension potential backed by unmatched credit fundamentals.
| # | 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.