Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
The USD investmentgrade tech sector offers compelling entry points for institutional portfolios, anchored by the unmatched balance sheet strength and pristine credit profiles of premier megacap issuers like Microsoft and Apple. Current market pricing presents an attractive duration play, with highquality longend paper offering robust yieldstoworst hovering around the 6.07% to 6.38% range across benchmark constituents. Microsoft dominates the upper tier of our screen—led by its highcoupon 2066 maturity yielding 6.377%—while select deeply discounted lowcoupon issues provide structural convexity and total return potential alongside defensive Aa+/AAA characteristics.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Microsoft Corp | …DG69 | 6.35 | 6.377 | 99.6050333 | 2066-11-03 | 2066-05-03 | AAA | USD | 2BN |
| 2 | Microsoft Corp | …DF86 | 6.25 | 6.267 | 99.7698 | 2056-11-03 | 2056-05-03 | AAA | USD | 4BN |
| 3 | Microsoft Corp | …DE12 | 6.15 | 6.171 | 99.7668 | 2046-11-03 | 2046-05-03 | AAA | USD | 2BN |
| 4 | Microsoft Corp. | …CW29 | 2.5 | 6.126 | 54.825 | 2050-09-15 | 2050-03-15 | AAA | USD | 1.43BN |
| 5 | Apple Inc. | …ER75 | 4.1 | 6.109 | 70.9259167 | 2062-08-08 | 2062-02-08 | AA+ | USD | 1.25BN |
| 6 | Microsoft Corp. | …CF95 | 3.041 | 6.103 | 55.806625 | 2062-03-17 | 2061-09-17 | AAA | USD | 1.93BN |
| 7 | Microsoft Corp. | …CD48 | 2.675 | 6.098 | 51.333875 | 2060-06-01 | 2059-12-01 | AAA | USD | 3.75BN |
| 8 | Apple Inc. | …EL06 | 2.85 | 6.081 | 53.4871667 | 2061-08-05 | 2061-02-05 | AA+ | USD | 1.4BN |
| 9 | Microsoft Corp. | …CC64 | 2.525 | 6.077 | 55.78625 | 2050-06-01 | 2049-12-01 | AAA | USD | 6.25BN |
| 10 | Apple Inc. | …EQ92 | 3.95 | 6.074 | 72.5045 | 2052-08-08 | 2052-02-08 | AA+ | USD | 1.75BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.