Tuesday, May 12, 2009

Microsoft Raises $3.8B in Bond Sale

Posted by kdawson on Tuesday May 12, @03:28PM

from the name-is-bond-cheap-bond dept.
MicrosoftThe Almighty Buck
pfleming writes"Microsoft quietly, or not so quietly, raised some cheap cash in bond sales yesterday. For a company that already has a huge cash war chest and doesn't carry debt, what is the incentive to sell nearly $4 billion in bonds? From the article: 'Microsoft is sitting on $25 billion in cash, so the company doesn't need the bond proceeds "unless they have something big in mind," says Reena Aggarwal, professor of finance at Georgetown University's McDonough School of Business.'"

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