Microsoft Final

January 30th, 2017 4:59 pm | by John Jansen |

Via Bloomberg:

PRICED: Microsoft Corp $17b Debt Offering Across 7 Tranches
2017-01-30 21:43:15.424 GMT

By Lisa Loray
(Bloomberg) — Microsoft priced $17b across seven tranches.

* Tranches (Guidance, IPT)
* $1.5b 3Y (2/06/2020) at +40
* +45 (+/-5), +60a
* Optional redemption; MWC
* $1.75b 5Y (2/06/2022) at +50
* +55 (+/-5), +70a
* Optional redemption: MWC; Par call 1mo prior to
maturity
* $2.25b 7Y (2/06/2024) at +70
* +75 (+/-5), +90a
* Optional redemption: MWC; Par call 2mo prior to
maturity
* $4b 10Y (2/06/2027) at +85
* +90 (+/-5), +100a
* Optional redemption: MWC; Par call 3mo prior to
maturity
* $2.5b 20Y (2/06/2037) at +100
* +105 (+/-5), +115a
* Optional redemption: MWC; Par call 6mo prior to
maturity
* $3b 30Y (2/06/2047) at +115
* +120 (+/-5), +130a
* Optional redemption: MWC; Par call 6mo prior to
maturity
* $2b 40Y (2/06/2057) at +140
* +145 (+/-5), +155a
* Optional redemption: MWC; Par call 6mo prior to
maturity
* Issuer: Microsoft Corp (MSFT)
* Ratings: Aaa/AAA/AA+
* Format: SEC Registered sr unsecured notes
* UOP: GCP
* Active Bookrunners: Barclays, HSBC
* Settlement: 2/06/2017 (T+5)
* Denoms: $2k x $1k
* NOTE: MSFT reported earnings last Thurs. with EPS and rev.
beating estimates
* NOTE: MSFT issued $19.75b 7-part deal in Aug. 2016 in
connection with LinkedIn acquisition
* Information from person familiar with the matter, who is not
authorized to speak publicly and asked not to be identified

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