Microsoft sells $20 billion in bonds to finance its LinkedIn acquisition


Microsoft today launched the fifth largest corporate bond offering of all time to finance its LinkedIn acquisition. According to IFR data, Microsoft launched a seven-part $19.75 billion deal.

“The Microsoft deal is a large enough supply/demand event in the market that it is uniquely driving yields a little higher,” said Justin Hoogendoorn, head of fixed income strategy at Piper Jaffray in Chicago.

When Microsoft-LinkedIn deal was announced, Microsoft said that they will finance this all-cash LinkedIn transaction partly by issuing debt.