Microsoft Corp. found ample demand for its $17 billion bond offering Monday, allowing it to cut borrowing rates on its second multibillion note offering in six months.

The tech giant received at least twice as many orders as it had bonds to sell, according to people familiar with the matter, who asked not to be named because the deal is private. The longest portion of the offering, which generally refinanced debt maturing soon, was a $2 billion, 40-year bond with a 4.5% coupon that yields 1.4 percentage points above Treasuries, according to data compiled by Bloomberg. That’s down from initial discussions of about 1.55 percentage points.

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