Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
This theme screens USD investmentgrade technology bonds from Apple, Microsoft, Oracle and Meta. The current shortlist of ten is drawn entirely from Microsoft and Apple, with yields clustered between roughly 6.1% and 6.3% across longdated maturities. Microsoft's AAArated curve leads the ranking, with the MSFT 4.75% 2055 offering a 6.316% yieldtoworst and the MSFT 6.35% 2066 yielding 6.288%. Even the MSFT 2.5% 2050 provides a 6.133% yield, showing how the highestquality issuer delivers high yields across its curve. Apple's AA+ bonds offer strong relative value, with the AAPL 4.1% 2062 yielding 6.12% and the AAPL 3.75% 2047 at 6.094%. Both sit only modestly below Microsoft's longer bonds despite the onenotch lower rating, making Apple a useful complement for investors seeking quality alongside yield.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Microsoft Corp. | …BM55 | 4.75 | 6.316 | 79.295 | 2055-11-03 | 2055-05-03 | AAA | USD | 295MM |
| 2 | Microsoft Corp. | …DG69 | 6.35 | 6.288 | 100.897 | 2066-11-03 | 2066-05-03 | AAA | USD | 2BN |
| 3 | Microsoft Corp. | …DF86 | 6.25 | 6.173 | 101.03675 | 2056-11-03 | 2056-05-03 | AAA | USD | 4BN |
| 4 | Microsoft Corp. | …CW29 | 2.5 | 6.133 | 54.79 | 2050-09-15 | 2050-03-15 | AAA | USD | 1.43BN |
| 5 | Apple Inc. | …ER75 | 4.1 | 6.12 | 70.8174 | 2062-08-08 | 2062-02-08 | AA+ | USD | 1.25BN |
| 6 | Microsoft Corp. | …DE12 | 6.15 | 6.108 | 100.47325 | 2046-11-03 | 2046-05-03 | AAA | USD | 2BN |
| 7 | Apple Inc. | …DQ02 | 2.95 | 6.106 | 61.3978 | 2049-09-11 | 2049-03-11 | AA+ | USD | 1.5BN |
| 8 | Apple Inc. | …EL06 | 2.85 | 6.099 | 53.3389 | 2061-08-05 | 2061-02-05 | AA+ | USD | 1.4BN |
| 9 | Microsoft Corp. | …CU62 | 4.5 | 6.098 | 81.3985 | 2047-06-15 | 2046-12-15 | AAA | USD | 392MM |
| 10 | Apple Inc. | …DD98 | 3.75 | 6.094 | 72.54 | 2047-09-12 | 2047-03-12 | AA+ | USD | 1BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.