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Microsoft Sells $19.8B of Bonds

The company's biggest bond issue ever will help finance its purchase of LinkedIn.

By Christopher Olsen and Claire Boston, Bloomberg | Updated on August 02, 2016

Microsoft Corp. raised $19.75 billion Monday in the third-largest U.S. corporate bond sale of the year to help finance its planned purchase of LinkedIn Corp.

Investors put in more than $50 billion of orders for the deal in the software maker’s biggest ever sale. The strong demand helped Microsoft to borrow at lower rates than it paid for the $13 billion of bonds it raised in October. It also saved about $40 million in annual interest payments compared with what it was offering to pay initially, according to people familiar with the matter.

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