Sources said Microsoft plans to issue bonds 5 billion U.S. dollars

September 14 morning news, according to foreign media reports, a large number of overseas cash can not be used as Microsoft plans to issue bonds during the year, its dividend and stock buyback program financing.

According to informed sources, Microsoft plans do not affect their credit rating as much as possible under the conditions of financing. Financial industry, said Microsoft does not affect the rating of the case, at least be able to finance 5.0 billion.

Microsoft CEO Steve Ballmer (Steve Ballmer) facing to the form of dividends and share buybacks pressure returns to investors. Microsoft's 36.8 billion U.S. dollars while a significant portion of cash in overseas, if they are directly transferred to the United States needs to pay taxes. The cost of borrowing is now hovering at historical status, so Microsoft plans to issue bonds. This month, Home Depot and Dell have issued bonds.

Thornburg Investment Company Executive Director Jason Brady said, "Obviously, Microsoft believes their stock prices low, borrowing costs are low and so they choose to issue bonds."