Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
The screen includes ten longdated USD technology bonds from Microsoft and Apple, with yieldstoworst clustered between 6.03% and 6.23%. Microsoft's AAArated 6.35% 2066 bond leads the group at a 6.226% yield, while Apple's AA+rated 4.1% 2062 yields 6.038%. Microsoft's 2.5% 2050 yields 6.061%, close to Apple's 2061 and 2062 paper despite its higher credit rating, so the pricing offers more credit quality for a similar yield.
| # | 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.