Oracle prices $10bn bond

Michael Bow
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TECH firm Oracle yesterday priced one of the biggest bond offerings of the year, after rolling out $10bn (£5.83bn) of corporate bonds.

The software group, founded by Larry Ellison, is going to use the cash for corporate purposes. Most of the bonds – $8.25bn – were offered as fixed-rate notes. JP Morgan, Merrill Lynch, Wells Fargo and Pierce Fenner & Smith underwrote the bond issue. Apple also launched a jumbo $12bn bond earlier this year.

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