Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
This USD investmentgrade theme captures ultralong duration technology debt from premier corporate balance sheets, offering professional fixedincome investors a rare convergence of elite credit quality and compelling structural yield. The screened universe is dominated by toptier issuers Microsoft and Apple, where deeply discounted cash prices in the mid$50s to low$70s translate into a remarkably consistent yieldtoworst clustering near the 6.00% threshold. Notable constituents like Microsoft's longend paper (e.g., MSFT 2.675% due 2060 at 6.07% YTW) and Apple's extended maturities (e.g., AAPL 4.1% due 2062 at 6.03% YTW) provide an efficient vehicle for duration extension without taking on cyclical or credit risk.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Microsoft Corp. | …CD48 | 2.675 | 6.072 | 51.550375 | 2060-06-01 | 2059-12-01 | AAA | USD | 3.75BN |
| 2 | Microsoft Corp. | …CW29 | 2.5 | 6.061 | 55.36075 | 2050-09-15 | 2050-03-15 | AAA | USD | 1.43BN |
| 3 | Microsoft Corp. | …CF95 | 3.041 | 6.059 | 56.2139167 | 2062-03-17 | 2061-09-17 | AAA | USD | 1.93BN |
| 4 | Microsoft Corp. | …BE30 | 4 | 6.037 | 72.5290493 | 2055-02-12 | 2054-08-12 | AAA | USD | 540MM |
| 5 | Microsoft Corp. | …CC64 | 2.525 | 6.034 | 56.1497917 | 2050-06-01 | 2049-12-01 | AAA | USD | 6.25BN |
| 6 | Apple Inc. | …ER75 | 4.1 | 6.028 | 71.8265666 | 2062-08-08 | 2062-02-08 | AA+ | USD | 1.25BN |
| 7 | Apple Inc. | …EK23 | 2.7 | 6.026 | 57.489 | 2051-08-05 | 2051-02-05 | AA+ | USD | 1.8BN |
| 8 | Apple Inc. | …DG20 | 3.75 | 6.025 | 73.072 | 2047-11-13 | 2047-05-13 | AA+ | USD | 1.25BN |
| 9 | Microsoft Corp. | …BM55 | 4.75 | 6.024 | 82.6260657 | 2055-11-03 | 2055-05-03 | AAA | USD | 295MM |
| 10 | Apple Inc. | …DD98 | 3.75 | 6.015 | 73.2735 | 2047-09-12 | 2047-03-12 | AA+ | USD | 1BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.