Microsoft Plans $25bn US Bond Sale, First Since 2017

• Microsoft aims to raise at least $25 billion through a US bond sale.
• This is Microsoft's first high-grade debt offering in the US since 2017.
• The bond sale is divided into up to 10 tranches with repayment dates ranging from two to 40 years.
• The final size of the bond sale will depend on investor demand.
• The deal coincides with a surge in US investment-grade bond sales, driven by increased AI spending.