--- title: Microsoft sells at least $25bn of bonds, its first US... description: Microsoft is raising at least $25bn through a US bond sale, its first high-grade debt offering in the country since 2017. The deal spans up to 10 tranches with... canonical: https://daily.dev/posts/microsoft-sells-at-least-25bn-of-bonds-its-first-us-deal-since-2017-v814wyogr twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Microsoft sells at least $25bn of bonds, its first US deal since 2017 | daily.dev og:description: Microsoft is raising at least $25bn through a US bond sale, its first high-grade debt offering in the country since 2017. The deal spans up to 10 tranches with... og:url: https://daily.dev/posts/microsoft-sells-at-least-25bn-of-bonds-its-first-us-deal-since-2017-v814wyogr og:image: https://api.daily.dev/og/posts/v814WyoGr.png og:image:alt: Microsoft sells at least $25bn of bonds, its first US deal since 2017 og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Microsoft sells at least $25bn of bonds, its first US deal since 2017 **[The Next Web](https://daily.dev/sources/tnw)** · 2 min read · 0 upvotes · 0 comments ## Summary Microsoft is raising at least $25bn through a US bond sale, its first high-grade debt offering in the country since 2017. The deal spans up to 10 tranches with maturities from two to 40 years, managed by Wells Fargo, JPMorgan Chase and UBS. Microsoft's last big US bond sale in 2017 raised $17bn, partly for the LinkedIn acquisition. Data center and equipment spending hit $45.2bn in the three months to September while free cash flow fell 27% to $18.6bn, even as Azure revenue rose 48% to $33.2bn. CFO Amy Hood said demand still exceeds supply. Alphabet, Amazon, Meta, Microsoft and Oracle have roughly doubled their combined debt to about $350bn over five years. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### Why is Microsoft selling $25 billion in bonds? Microsoft is raising at least $25bn in its first US high-grade bond sale since 2017 to help fund the rising cost of AI infrastructure. Spending on data centers and equipment reached $45.2bn in the quarter ending September, while free cash flow fell 27% to $18.6bn over the same period. The deal spans up to 10 tranches maturing from two to 40 years. _Anyone weighing how AI capex reshapes big tech balance sheets can follow financing moves like this on daily.dev._ ### How much debt have big tech companies taken on to fund AI infrastructure? Alphabet, Amazon, Meta, Microsoft and Oracle have roughly doubled their combined debt over five years to around $350bn. Alphabet raised $25bn through a 10-part bond sale in August, and Amazon's own $25bn bond sale earlier in the year met a lukewarm investor reception, while S&P downgraded Oracle's credit rating to one notch above junk. _Developers tracking the AI infrastructure arms race can keep up with these capital trends on daily.dev._ ## Similar posts on daily.dev - [Amazon raises C$14 billion in record Canadian dollar bond sale to fund AI spending](https://daily.dev/posts/amazon-raises-c-14-billion-in-record-canadian-dollar-bond-sale-to-fund-ai-spending-wm3d26dtj) · The Next Web · 0 upvotes · 0 comments - [Microsoft just had the biggest day in stock market history](https://daily.dev/posts/microsoft-just-had-the-biggest-day-in-stock-market-history-e4iaipeo5) · TechCentral · 0 upvotes · 0 comments - [Fresh off bond sale, Amazon borrows $17.5B from banks as AI spending continues](https://daily.dev/posts/fresh-off-bond-sale-amazon-borrows-17-5b-from-banks-as-ai-spending-continues-1ns9sgfvt) · TechCrunch · 0 upvotes · 0 comments - [Amazon returns to the bond market for at least $25bn to fund its AI build-out](https://daily.dev/posts/amazon-returns-to-the-bond-market-for-at-least-25bn-to-fund-its-ai-build-out-pd7jeruty) · The Next Web · 0 upvotes · 0 comments --- Tags: [#cloud](https://daily.dev/tags/cloud), [#microsoft](https://daily.dev/tags/microsoft), [#azure](https://daily.dev/tags/azure), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure) [View this post on daily.dev](https://daily.dev/posts/microsoft-sells-at-least-25bn-of-bonds-its-first-us-deal-since-2017-v814wyogr) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Microsoft sells at least $25bn of bonds, its first US deal since 2017","url":"https://daily.dev/posts/microsoft-sells-at-least-25bn-of-bonds-its-first-us-deal-since-2017-v814wyogr","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/microsoft-sells-at-least-25bn-of-bonds-its-first-us-deal-since-2017-v814wyogr"},"datePublished":"2026-10-29T13:27:23.185Z","dateModified":"2026-10-29T14:24:01.281Z","description":"Microsoft is raising at least $25bn through a US bond sale, its first high-grade debt offering in the country since 2017. 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Spending on data centers and equipment reached $45.2bn in the quarter ending September, while free cash flow fell 27% to $18.6bn over the same period. The deal spans up to 10 tranches maturing from two to 40 years. Anyone weighing how AI capex reshapes big tech balance sheets can follow financing moves like this on daily.dev."}},{"@type":"Question","name":"How much debt have big tech companies taken on to fund AI infrastructure?","acceptedAnswer":{"@type":"Answer","text":"Alphabet, Amazon, Meta, Microsoft and Oracle have roughly doubled their combined debt over five years to around $350bn. Alphabet raised $25bn through a 10-part bond sale in August, and Amazon's own $25bn bond sale earlier in the year met a lukewarm investor reception, while S\u0026P downgraded Oracle's credit rating to one notch above junk. Developers tracking the AI infrastructure arms race can keep up with these capital trends on daily.dev."}}]} ```