Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
The Global Tech Giants theme brings together USD investmentgrade bonds from Apple, Microsoft, Oracle and Meta, combining high credit quality with longdated, highyielding paper across the technology sector. Microsoft's AAArated long bonds lead the screen, with the 4.75% 2055 yielding 6.316% to worst and the 6.35% 2066 yielding 6.313%, so investors can lock in yields above 6% from one of the highestrated corporate issuers globally. Apple's AA+rated 4.1% 2062 yields 6.167%, roughly in line with Microsoft's AAArated bonds across similar maturities, which makes it a relativevalue candidate for investors who want exposure to the same sector at a comparable yield. Deepdiscount structures such as Microsoft's 2.5% 2050, priced at 54.48 with a 6.171% yield to worst, show how the theme offers yield through price as well as coupon, though the 25yearplus maturities carry significant duration sensitivity that investors should weigh.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Microsoft Corp. | …BM55 | 4.75 | 6.316 | 79.3 | 2055-11-03 | 2055-05-03 | AAA | USD | 295MM |
| 2 | Microsoft Corp. | …DG69 | 6.35 | 6.313 | 100.539174 | 2066-11-03 | 2066-05-03 | AAA | USD | 2BN |
| 3 | Microsoft Corp. | …DF86 | 6.25 | 6.222 | 100.3711876 | 2056-11-03 | 2056-05-03 | AAA | USD | 4BN |
| 4 | Microsoft Corp. | …CW29 | 2.5 | 6.171 | 54.4786 | 2050-09-15 | 2050-03-15 | AAA | USD | 1.43BN |
| 5 | Apple Inc. | …ER75 | 4.1 | 6.167 | 70.303 | 2062-08-08 | 2062-02-08 | AA+ | USD | 1.25BN |
| 6 | Microsoft Corp. | …DE12 | 6.15 | 6.166 | 99.8204792 | 2046-11-03 | 2046-05-03 | AAA | USD | 2BN |
| 7 | Apple Inc. | …EL06 | 2.85 | 6.157 | 52.824875 | 2061-08-05 | 2061-02-05 | AA+ | USD | 1.4BN |
| 8 | Microsoft Corp. | …BE30 | 4 | 6.154 | 71.3097182 | 2055-02-12 | 2054-08-12 | AAA | USD | 540MM |
| 9 | Apple Inc. | …DQ02 | 2.95 | 6.152 | 60.9965 | 2049-09-11 | 2049-03-11 | AA+ | USD | 1.5BN |
| 10 | Microsoft Corp. | …CU62 | 4.5 | 6.148 | 80.891 | 2047-06-15 | 2046-12-15 | AAA | USD | 392MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.