"Microsoft bond offering raises $3.75b" by Bloomberg News | May 12, 2009
NEW YORK - Microsoft Corp., the world's largest software maker, sold $3.75 billion of debt in its first bond offering, taking advantage of its top credit ratings to help fund a share buyback and technology investments.
Microsoft is seizing on a credit-market rally to help fund a $40 billion stock repurchase program. Microsoft has cut about 5,000 jobs since January to reduce expenses. The company had $25.3 billion in cash and short-term investments as of March 31, according to regulatory filings.
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