UPDATE: Microsoft (MSFT) Launches Larger $10.75B Debt Offering; Will be Largest Notes Sale of 2015 (AAPL)

(Updated - February 9, 2015 3:35 PM EST)

Microsoft (Nasdaq: MSFT) is conducting its first debt offering since April 2013 and it is poised to be the largest such offering so far for 2015.

AAA-rated Microsoft is selling $10.75 billion of new bonds, which was increased from an original offering size of $7 billion. Apple (Nasdaq: AAPL) sold $6.5 billion of corporate debt last week.

Microsoft's notes will range in maturity from five to 40 years. The company also said that the net proceeds from the sale of the notes will be used for general corporate purposes, which may include, among other things, funding for working capital, capital expenditures, repurchases of our capital stock, acquisitions and repayment of our existing debt.

Notably, Microsoft, which is one of the few companies left with a triple-A rating, said it was offering a 10-year bond with a yield at 0.75 points above benchmark Treasuries. That compares with Apple's sale at 0.85 points above benchmark Treasuries last week.

Shares of Microsoft are just about flat amid a broader market slump.

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