Oracle Corporation ORCL announced a massive $14 billion corporate bond sale this week. The company plans on using the proceeds for stock repurchases, dividend payments, debt refinancing and other budget items.
While certainly impressive, Oracle’s sale is not even one of the five biggest corporate bond sales of all time.
The Top 5
Here are the top five:
- AT&T Inc. T: $17.5 billion (2015)Last year, AT&T held a huge bond sale to finance its purchase of DirecTV, the largest U.S. satellite-TV provider. The deal went off without a hitch, and investor interest was reportedly four times the amount offered.
- Dell: $20 billion (2016)Back in May, Dell sold $20 billion in bonds to fund its buyout of EMC Corporation EMC. The deal was originally slated to raise $16 billion, but the total was upped to $20 billion due to overwhelming investor interest.
- Actavis: $21 billion (2015)Actavis had no problems raising the funding it needed to buy Allergan in 2015. Teva Pharmaceutical Industries Ltd (ADR) TEVA then stepped in and scooped up Allergan’s generic drugs business.
- Anheuser Busch Inbev SA (ADR) BUD: $46 billion (2016)This staggering bond sale earlier this year was intended…
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