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.