Microsoft raises $ 8 billion through sale of securities

Tags: Companies
Technology giant Microsoft has raised about $ 8 billion by selling securities and the proceeds would be utilised for funding acquisitions, among others.

The fund raising exercise comes at a time when Microsoft is in the process of acquiring the devices and services businesses of Finnish handset maker Nokia in a deal worth $ 7.2 billion.

The total amount includes bonds denominated in the US dollar as well as euros.

Microsoft has sold securities -- that have maturity periods of 5, 10 and 20 years -- worth $ 3.25 billion, the company said in a filing to the US Securities and Exchange Commission (SEC) yesterday.

Separately, the firm also offered securities, which are due to mature in 2021 and 2028, amounting to a total of 3.5 billion euro (about $ 4.76 billion).

"The net proceeds from the sale of the notes will be used for general corporate purposes, which may include, among other things, funding for working capital, capital expenditures, repurchases of our capital stock, acquisitions and repayment of our existing debt," Microsoft said.

Last month, Nokia's shareholders approved the sale of ailing cellphone and services division and licence to a portfolio of patents to Microsoft. The sale is expected to complete in early 2014.

The deal is expected to provide a strong foothold for Microsoft in the fast growing and highly competitive smartphone market.

Post new comment

E-mail ID will not be published
This question is for testing whether you are a human visitor and to prevent automated spam submissions.


  • The budget is sound in logic; the market is too clever by half

    For a man derided by former finance minister P Chidambaram for his knowledge of economics as only sufficient to be scribbled on the back of a postage


Stay informed on our latest news!


GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India


Arun Nigavekar

Why higher education needs innovation

India is such a great country that it creates complexity ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...


William D. Green

Chairman & CEO, Accenture