Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
The Global Tech Giants theme gathers USDdenominated bonds from Apple, Microsoft, Oracle and Meta, pairing bluechip balance sheets with longdated paper that pays investors well for duration. Microsoft and Apple issues lead the tenbond screen. Microsoft dominates the ranking: its 6.35% 2066 bond yields 6.226% to worst and its 6.25% 2056 yields 6.126%, both from an AAA issuer. Its discounted 2050 and 2060 lines yield 6.04% and 6.097%, adding pulltopar upside alongside income. Apple's 4.1% 2062 bond yields 6.038% and its 2.85% 2061 yields 6.027%, roughly in line with Microsoft's long end at a slightly lower AA+ credit tier. For fixedincome investors, the theme offers a clear relativevalue case: longdated tech yield backed by highgrade credit quality.
| # | 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 | 6.038 | 71.7223572 | 2062-08-08 | 2062-02-08 | AA+ | USD | 1.25BN |
| 10 | Apple Inc. | …EL06 | 2.85 | 6.027 | 53.9785 | 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.