Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
The Global Tech Giants theme brings together USDdenominated bonds from Apple, Microsoft, Oracle and Meta. Each issuer combines some of the strongest balance sheets in corporate credit with longdated yields in the 6% area, which makes the group a compelling source of income for investors seeking duration without sacrificing quality. Microsoft dominates the screen on credit quality, carrying a AAA rating across its bonds. Its 4.75% 2055 bond, trading at a discount near 79, offers a 6.316% yield to worst, and the 6.35% 2066 issue follows closely at 6.273%, so investors can lock in high yields from one of the most creditworthy issuers globally. Apple (AA+) adds diversification and attractive relative value to the group. Its 4.1% 2062 bond yields 6.113% and its 2.95% 2049 bond yields 6.099%, offering a yield pickup over the Microsoft 2050 bond at 6.103% that is nearly identical, while providing a different issuer profile within the same tech franchise.
| # | 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 | 6.273 | 101.1194 | 2066-11-03 | 2066-05-03 | AAA | USD | 2BN |
| 3 | Microsoft Corp. | …CF95 | 3.041 | 6.167 | 55.2321895 | 2062-03-17 | 2061-09-17 | AAA | USD | 1.93BN |
| 4 | Microsoft Corp. | …DF86 | 6.25 | 6.164 | 101.167 | 2056-11-03 | 2056-05-03 | AAA | USD | 4BN |
| 5 | Microsoft Corp. | …CD48 | 2.675 | 6.162 | 50.7909855 | 2060-06-01 | 2059-12-01 | AAA | USD | 3.75BN |
| 6 | Apple Inc. | …ER75 | 4.1 | 6.113 | 70.8862858 | 2062-08-08 | 2062-02-08 | AA+ | USD | 1.25BN |
| 7 | Microsoft Corp. | …CW29 | 2.5 | 6.103 | 55.0427722 | 2050-09-15 | 2050-03-15 | AAA | USD | 1.43BN |
| 8 | Microsoft Corp. | …DE12 | 6.15 | 6.103 | 100.5305 | 2046-11-03 | 2046-05-03 | AAA | USD | 2BN |
| 9 | Microsoft Corp. | …CB81 | 4.5 | 6.102 | 77.9986558 | 2057-02-06 | 2056-08-06 | AAA | USD | 755MM |
| 10 | Apple Inc. | …DQ02 | 2.95 | 6.099 | 61.4660714 | 2049-09-11 | 2049-03-11 | AA+ | USD | 1.5BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.