原帖引用 · AI 翻译
Rohan Paul@rohanpaul_ai
彭博社：微软自 2017 年发行 170 亿美元债券以来首次重返美国债券市场，计划通过最多 10 批债券筹集至少 250 亿美元。
尽管微软拥有更强的 AAA 信用评级，其 40 年期债券的定价仍接近 Alphabet 和亚马逊的长期债券，这表明大量人工智能相关债务正在推高所有人的借贷成本。
超大规模云服务商和数据中心开发商今年已发行超过 3130 亿美元的投资级债券，接近 2025 年总额的 3 倍，推动全球债券发行额达到创纪录的 6.61 万亿美元。
原文
Bloomberg: Microsoft is returning to the US bond market for the first time since its $17B sale in 2017, seeking at least $25B across up to 10 tranches. Its 40-year note is priced near Alphabet’s and Amazon’s long bonds despite Microsoft’s stronger AAA rating, which suggests the flood of AI debt is lifting borrowing costs for everyone. Hyperscalers and data center developers have sold more than $313B of investment-grade bonds this year, almost 3 times 2025’s total, pushing global bond sales to a record $6.61T.
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