The latest issuance attracted decent response from market participants, enabling the company to increase the initially estimated bond offering size of $14bn.
Microsoft is expected to use the proceeds from the sale to finance general corporate purposes, including repayment of short-term debt that was raised to fund its $26bn acquisition of LinkedIn, The Wall Street Journal reported.
In December last year, the company announced that it has obtained all the regulatory approvals required to close the LinkedIn acquisition after getting the green light from the European Commission.
After going for its first bond sale in 2009, Microsoft has made several bond offerings despite continuing an ambitious share-repurchase program.
In September 2016, it announced a $40bn stock buyback programme after nearing completion of its previous share-repurchase programme.
Microsoft reported a net income $5.2bn of the second quarter ended 26 January this year compared to a profit of $5.02bn in the same period a year earlier.
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approvals required to close the LinkedIn acquisition after getting the green light from the European Commission.
