Microsoft (NASDAQ:MSFT) rose 3.51% to $539.30 in premarket trading on November 4, as its $25 billion bond sale neared settlement. The offering, priced October 29, includes $23 billion of fixed-rate notes with coupons of 4.85% to 6.35% and maturities up to 2066, plus $2 billion of floating-rate debt. Proceeds can fund capital spending, debt repayment and other corporate needs, so the whole amount cannot be treated as dedicated to cloud infrastructure. The article estimates the fixed-rate tranches carry about $1.284 billion in annual coupons, roughly 0.70% of quarterly operating income ($45.9 billion) multiplied by four, before floating-rate interest. It argues the harder question is whether new capacity generates enough cash to cover costs and earn an adequate return.
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Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 11/03/2026 | 520.77 |
| Change that session | +2.69% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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