Global Tech Giants (USD IG)
USD, A-/A3+ technology bonds from Apple, Microsoft, Oracle and Meta.
The Global Tech Giants theme pools USD investmentgrade bonds from Apple, Microsoft, Oracle and Meta, combining highquality issuers with longdated yield. Microsoft dominates the current screen with eight of the ten ranked bonds, all rated AAA, while Apple contributes two AA+ issues. Microsoft's 6.35% 2066 leads the ranking at a 6.362% yieldtoworst, while its 6.25% 2056 offers 6.293%, with both trading close to par so returns are largely coupondriven. Its lowercoupon 2050 and 2060 bonds, priced around 54 and 50, yield roughly 6.2%, adding pulltopar upside. Apple's 4.1% 2062 and 2.85% 2061 bonds yield 6.203% and 6.199%, offering AA+ credit at yields in line with Microsoft's AAA paper and sharpening relative value within the sector. For fixedincome investors seeking longduration technology exposure, the group offers a compelling mix of credit quality and income, with yields clustered tightly around 6.2% to 6.4%.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Microsoft Corp. | …DG69 | 6.35 | 6.362 | 99.8259806 | 2066-11-03 | 2066-05-03 | AAA | USD | 2BN |
| 2 | Microsoft Corp. | …DF86 | 6.25 | 6.293 | 99.4228465 | 2056-11-03 | 2056-05-03 | AAA | USD | 4BN |
| 3 | Microsoft Corp. | …CF95 | 3.041 | 6.27 | 54.3014167 | 2062-03-17 | 2061-09-17 | AAA | USD | 1.93BN |
| 4 | Microsoft Corp. | …BU71 | 3.95 | 6.252 | 69.0704744 | 2056-08-08 | 2056-02-08 | AAA | USD | 433MM |
| 5 | Microsoft Corp. | …CD48 | 2.675 | 6.23 | 50.2174167 | 2060-06-01 | 2059-12-01 | AAA | USD | 3.75BN |
| 6 | Microsoft Corp. | …BE30 | 4 | 6.224 | 70.5886988 | 2055-02-12 | 2054-08-12 | AAA | USD | 540MM |
| 7 | Microsoft Corp. | …DE12 | 6.15 | 6.211 | 99.3055001 | 2046-11-03 | 2046-05-03 | AAA | USD | 2BN |
| 8 | Microsoft Corp. | …CW29 | 2.5 | 6.208 | 54.1818334 | 2050-09-15 | 2050-03-15 | AAA | USD | 1.43BN |
| 9 | Apple Inc. | …ER75 | 4.1 | 6.203 | 69.9123334 | 2062-08-08 | 2062-02-08 | AA+ | USD | 1.25BN |
| 10 | Apple Inc. | …EL06 | 2.85 | 6.199 | 52.454875 | 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.