Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
This screened universe targets ultralong USD investmentgrade debt from premier technology bellwethers Apple and Microsoft, offering institutional accounts rare exposure to pristine balance sheets at deeply discounted cash prices ranging from roughly 51 to 72 cents on the dollar. The cohort delivers a compelling yieldtoworst profile clustered tightly between 6.04% and 6.11%, highlighted by Microsoft’s AAArated 2.675% paper due June 2060 offering 6.105% YTW and Apple’s AA+rated 4.1% long bond yielding 6.077%. Amid ongoing macroeconomic uncertainty, these highconviction tech stalwarts provide portfolio managers with exceptional duration extension, robust liquidity, and structural credit safety uncompromised by cyclical headwinds or leverage degradation.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Microsoft Corp. | …CD48 | 2.675 | 6.105 | 51.2696853 | 2060-06-01 | 2059-12-01 | AAA | USD | 3.75BN |
| 2 | Microsoft Corp. | …BE30 | 4 | 6.097 | 71.8882568 | 2055-02-12 | 2054-08-12 | AAA | USD | 540MM |
| 3 | Apple Inc. | …ER75 | 4.1 | 6.077 | 71.2868847 | 2062-08-08 | 2062-02-08 | AA+ | USD | 1.25BN |
| 4 | Microsoft Corp. | …BU71 | 3.95 | 6.069 | 70.9620854 | 2056-08-08 | 2056-02-08 | AAA | USD | 433MM |
| 5 | Microsoft Corp. | …CW29 | 2.5 | 6.067 | 55.31275 | 2050-09-15 | 2050-03-15 | AAA | USD | 1.43BN |
| 6 | Apple Inc. | …EL06 | 2.85 | 6.065 | 53.6299232 | 2061-08-05 | 2061-02-05 | AA+ | USD | 1.4BN |
| 7 | Microsoft Corp. | …CC64 | 2.525 | 6.061 | 55.9222761 | 2050-06-01 | 2049-12-01 | AAA | USD | 6.25BN |
| 8 | Microsoft Corp. | …CF95 | 3.041 | 6.06 | 56.2016875 | 2062-03-17 | 2061-09-17 | AAA | USD | 1.93BN |
| 9 | Apple Inc. | …EG11 | 2.8 | 6.049 | 53.2497857 | 2061-02-08 | 2060-08-08 | AA+ | USD | 1.75BN |
| 10 | Apple Inc. | …DQ02 | 2.95 | 6.04 | 61.961 | 2049-09-11 | 2049-03-11 | AA+ | USD | 1.5BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.