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Bond Offering

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Microsoft to raise $25 billion in bonds to fund AI data center buildout

Microsoft announced a $25 billion bond offering, with proceeds slated for general corporate purposes including capital expenditures, acquisitions, buybacks and debt repayment. The company is targeting roughly $170 billion in 2026 capital spending to meet AI demand from clients like OpenAI and Anthropic, and expects the bond sale to close on November 4.