Microsoft talks benchmark seven-part offering of notes for Thursday pricing

By Aleesia Forni

Virginia Beach, Oct. 29 – Microsoft Corp. plans to bring to market a benchmark seven-part offering of senior notes (Aaa/AAA) on Thursday, according to a market source and a 424B2 filing with the Securities and Exchange Commission.

The sale includes three-year notes talked in the 45 basis points area over Treasuries, a five-year piece talked in the Treasuries plus 65 bps area and seven-year notes talked in the area of Treasuries plus 85 bps.

A 10-year tranche is talked in the 105 bps area and a 20-year tranche is talked in the Treasuries plus 135 bps area.

Finally, a tranche of 30-year bonds is talked in the area of Treasuries plus 160 bps, while a 40-year piece is talked in the 190 bps area over Treasuries.

BofA Merrill Lynch, J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co. and HSBC Securities are the bookrunners.

Tranches of the offering will feature a make-whole call.

Proceeds will be used for general corporate purposes.

The computer software company is based in Redmond, Wash.

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