Microsoft plans to raise $25 billion in bonds for infrastructure expansion
Microsoft announced plans to raise $25 billion in bonds, taking advantage of its healthy credit rating to support infrastructure expansion. Management is targeting $170 billion in 2026 capital expenditures, as the company looks to meet heavy demand from Anthropic and OpenAI, as well as other clients.
NoteMicrosoft reported positive free cash flow, differentiating itself from Alphabet, Meta and Amazon. Amazon and Alphabet have also turned to the bond market for infrastructure this year.
Read the original
The Morning Note, by email
The AI-in-finance stories that matter, before work
One short email each morning, readable in under three minutes. Free, and you can leave anytime.