Microsoft's $25 Billion Debt Sale and the Data-Centre Reckoning Behind It
Published on 11/10/2026 at 06:20 | Editorial boerse-global.de
Microsoft shares climbed 2.1% as Wall Street opened broadly higher, with investors hunting for bargains after the previous week's AI-driven selloff sent the major indices up at the bell. The rebound, which AP linked to softer oil prices and robust corporate earnings, came as investors reassessed what the election results might mean for spending on AI infrastructure.
A $25 Billion Bond Sale, Completed
The company has closed a previously announced offering of senior unsecured notes totalling $25 billion, according to a mandatory disclosure. When it set the terms on 29 October, Microsoft said it intended to use the proceeds for general corporate purposes.
Tighter Reins on Third-Party Data Centres
Alongside the financing, Microsoft has sharpened its oversight of external data-centre projects. Reuters reported on Thursday that the company is exercising stricter supervision over certain ventures with providers Nebius, IREN and Nscale. Microsoft told Reuters its infrastructure strategy rests on a mix of owned, leased and third-party-supplied capacity.
Bloomberg also reported that Microsoft has pulled back from projects it judged risky. Citing delays, regulatory hurdles and costs, the company is said to be discussing further agreements.
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Northern Trust: From Two and a Half Weeks to Three Days
On the AI applications front, Microsoft and Northern Trust unveiled an expanded collaboration. Central to it is an agent for onboarding new clients that, by Microsoft's account, has cut the time needed for data preparation by 83% — from two and a half weeks down to three days. That saving applies to the data-preparation step specifically, not to the entire onboarding process.
Microsoft's partnership with Lumen Technologies is widening too. The two companies said on 2 November they will jointly market AI-ready network solutions to business customers and plan a coordinated approach to clients. They will also examine whether additional Lumen features can be brought into Azure and the Microsoft Marketplace — an integration that remains under review rather than settled.
Cloud Growth Sets the Bar
The financial underpinning arrived with results published on 28 October. For the first quarter of fiscal 2027 — the period ended 30 September — Microsoft booked revenue of $92.3 billion, up 19%. Operating profit rose 21% to $45.9 billion.
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Microsoft Cloud revenue reached $63.9 billion, a 30% increase, while Azure posted 48% revenue growth. Diluted earnings per share came in at $4.92 on a GAAP basis and $4.89 on an adjusted basis.
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