Triple-A holds sway, Microsoft stuns with debut
In the middle of a more difficult market than has been usual lately, the US dollar high grade sector got exactly what it wanted with the arrival of an industrial credit of impeccable quality and standing: Microsoft.
"The reaction to the Microsoft showed a flight to quality. It was the bond everyone wanted," said David Trahan, a managing director in the investment grade syndicate at Citigroup in New York.
It was the first ever visit to the US debt market for the software giant, and
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.