Oracle Joins Microsoft Going Long in Bonds as Fed Gets Anxious
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Corporate America is borrowing long term like never before.
Companies have issued a record $39 billion of bonds in 2015 that mature in more than three decades, more than five times the amount sold in the same period of last year and at a record pace, according to data compiled by Bloomberg. Oracle Corp. and Microsoft Corp. both sold their first 40-year bonds, while Massachusetts Mutual Life Insurance Co. issued securities that won’t come due till 2065.