Oracle issues $10bn in corporate bonds

Oracle, the US technology group, has borrowed $10bn on the capital markets in one of the year's biggest corporate bond issues.

The sale ranks as the joint eighth-largest debt issue of 2017 alongside fellow $10bn deals from telecoms group AT&T and Apple.

Issue details

The company has sold debt in five different maturities with the following yields:

• $1.25bn in five-and-a-quarter-year bonds with a yield of 2.637%
• $2bn in seven-year bonds with a yield of 2.975%
• $2.75bn in 10-year bonds with a yield of 3.263%
• Combined $4bn in 20-year and 30-year bonds: 20-year yield 3.827%; 30-year 4.027%