Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
The Global Tech Giants theme targets USD investmentgrade bonds from leading technology issuers. The current screen is led by Microsoft (AAA) and Apple (AA+) longdated paper. Microsoft's 6.35% bond maturing in 2066 leads the screen at a 6.226% yield to worst, offering highquality credit with a meaningful yield pickup. Lowercoupon bonds trading at discounts also provide yields near 6%, such as Microsoft's 2.5% 2050 at 6.061% and Apple's 2.85% 2061 at 6.023%. Yields across the ten bonds cluster between roughly 6.0% and 6.2%, making these issuers attractive for investors seeking longduration exposure without sacrificing balancesheet strength.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Microsoft Corp. | …DG69 | 6.35 | 6.226 | 101.8168637 | 2066-11-03 | 2066-05-03 | AAA | USD | 2BN |
| 2 | Microsoft Corp. | …DF86 | 6.25 | 6.126 | 101.6848182 | 2056-11-03 | 2056-05-03 | AAA | USD | 4BN |
| 3 | Microsoft Corp. | …CF95 | 3.041 | 6.101 | 55.8329 | 2062-03-17 | 2061-09-17 | AAA | USD | 1.93BN |
| 4 | Microsoft Corp. | …CD48 | 2.675 | 6.097 | 51.3468334 | 2060-06-01 | 2059-12-01 | AAA | USD | 3.75BN |
| 5 | Microsoft Corp. | …CW29 | 2.5 | 6.061 | 55.3885 | 2050-09-15 | 2050-03-15 | AAA | USD | 1.43BN |
| 6 | Microsoft Corp. | …DE12 | 6.15 | 6.051 | 101.1185909 | 2046-11-03 | 2046-05-03 | AAA | USD | 2BN |
| 7 | Microsoft Corp. | …BM55 | 4.75 | 6.04 | 82.4485796 | 2055-11-03 | 2055-05-03 | AAA | USD | 295MM |
| 8 | Microsoft Corp. | …CC64 | 2.525 | 6.04 | 56.118 | 2050-06-01 | 2049-12-01 | AAA | USD | 6.25BN |
| 9 | Apple Inc. | …ER75 | 4.1 | 6.03 | 71.8188 | 2062-08-08 | 2062-02-08 | AA+ | USD | 1.25BN |
| 10 | Apple Inc. | …EL06 | 2.85 | 6.023 | 54.0229 | 2061-08-05 | 2061-02-05 | AA+ | USD | 1.4BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.