Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
This screening highlights an attractive pocket of longduration USD investmentgrade credit, featuring toptier technology giants like Microsoft and Apple offering yieldstoworst clustered tightly between 6.07% and 6.38%. Microsoft dominates the upper tier of the screen, with its newly issued longdated paper—such as the MSFT 6.35% maturing in November 2066—delivering a compelling 6.377% YTW alongside pristine AAA credit fundamentals. For institutional portfolios seeking duration extension with minimal credit risk, deeply discounted lowcoupon issues like Apple’s 2.85% 2061 bond (trading near 53.50 with a 6.079% YTW) present strong total return asymmetry and convexity.
| # | 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.