The bond with a residual maturity of 4 years from computer giant Microsoft (NASDAQ:) is trading at around 93.53% of nominal on the secondary market. It was still necessary to count a little more than 104% twelve months ago. Direct consequence: the investor can count on a yield of around 4.3% for a security which benefits from the best ratings available.
Indeed, this loan denominated in denominations of 2,000 dollars for an issue size of 4 billion has a AAA rating from Standard & Poor’s and Fitch Ratings and an Aaa rating from Moody’s. This is always the best rating available in the “Investment grade” category.
Remarkable fact: the bond maturing August 8, 2026 and with a coupon of 2.4% is trading at a good discount on the secondary market, which allows Belgian resident investors to see part of the untaxed return, knowing that the capital gains realized during the sale or the refund of the value are not burdened by the tax.
Office, Cloud, LinkedIn, Skype…
With a turnover of 176 billion dollars (+/- 171.3 billion euros) for its annual financial year 2021 (closed at the end of September), Microsoft is rising among the giants of computing, more particularly in the sector. software where the company offers a wide range of software licenses and subscription products and services, including the Windows operating system that powers the vast majority of computers around the world.
If the American multinational is historically known for its successful office suite Office (Word word processor, Excel spreadsheet or PowerPoint presentation software to name a few…), Microsoft is also the world number two in the cloud. computing or cloud computing. This activity refers to data streams, corporate websites, customer management software that are hosted and managed by remote computer servers, rather than on a local server or personal computer.
The company founded by Bill Gates has also pursued a policy of acquisitions and diversification, which today enables it to oversee the LinkedIn professional network and Skype messaging. The Microsoft group is also present in “gaming” with the Xbox game console and associated services (subscriptions, community, multi-games, etc.). The group headed by Satya Nadella has further strengthened its position in the sector by announcing the acquisition at the start of the year of Activision Blizzard (development and publishing of video games) for 69 billion dollars (+/- 67.2 billion euros).
Listed on Wall Street, Microsoft has a market capitalization of around 58.5 billion dollars (+/- 57 billion euros).