Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
The Global Tech Giants USD IG theme captures ultralongduration paper from premier corporate balance sheets, offering institutional investors a rare combination of toptier credit quality and attractive nominal yields clustering above the 6% threshold. Microsoft dominates the upper tier of our screen, led by its recently issued highcoupon line—such as the MSFT 6.35% maturing in November 2066—which trades near par at a 6.377% YTW, alongside deeply discounted legacy lowcoupon bonds providing substantial convexity and price appreciation potential. Complementing the Microsoft issuance, longdated Apple paper like the AAPL 4.1% 2062 and AAPL 2.85% 2061 offer YTWs ranging from 6.07% to 6.11% at deep discounts, allowing portfolio managers to lock in secular tech cash flows and highgrade yield efficiently.
| # | 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 | 6.266 | 99.7825 | 2056-11-03 | 2056-05-03 | AAA | USD | 4BN |
| 3 | Microsoft Corp. | …DE12 | 6.15 | 6.171 | 99.7588572 | 2046-11-03 | 2046-05-03 | AAA | USD | 2BN |
| 4 | Microsoft Corp. | …CW29 | 2.5 | 6.125 | 54.8305715 | 2050-09-15 | 2050-03-15 | AAA | USD | 1.43BN |
| 5 | Apple Inc. | …ER75 | 4.1 | 6.107 | 70.94725 | 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 | 6.079 | 53.5081875 | 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. | …EG11 | 2.8 | 6.071 | 53.0561875 | 2061-02-08 | 2060-08-08 | AA+ | USD | 1.75BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.