Microsoft is planning to raise at least $25 billion through its first US investment-grade bond sale in more than nine years, Bloomberg News reported on Thursday, citing people familiar with the matter.
The proposed offering comes as the company increases spending on artificial intelligence infrastructure. Microsoft reported spending $45.2 billion on data centres and equipment over the previous three months, putting pressure on cash flow.
Wells Fargo, JPMorgan Chase and UBS Group are managing the offering, which is reportedly divided into 10 tranches with maturities ranging from two to 40 years.
Meanwhile, Alphabet, Amazon, Meta, Microsoft and Oracle have doubled their combined debt to approximately $350 billion over five years as technology companies finance AI expansion. Amazon’s earlier $25 billion bond sale, however, received a lukewarm response from investors.
Related Tweet:
Microsoft Corp. is selling high-grade bonds for the first time in more than nine years, joining rivals in a borrowing spree to fund the artificial intelligence investment boom. https://t.co/yNEHxTc9HH
— Bloomberg (@business) October 29, 2026
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