Microsoft Corp., the world'slargest software maker, is selling bonds in euros for the firsttime, joining LVMH Moet Hennessy Louis Vuitton SA and NestleSA in taking advantage of record-low borrowing costs.

Microsoft is raising 550 million euros ($719 million) from20-year notes, according to a person familiar with the transaction.French luxury goods maker LVMH is selling its first euro bonds intwo years, while Nestle, the world's biggest food company, ismarketing its first securities in the currency since October.

Microsoft's deal will be priced to yield about 60 basis pointsmore than swaps, according to the person who asked not to beidentified because the details are private. Photographer: StuartIsett/Bloomberg

It's the busiest day in six weeks for issuance in Europe, asnon-financial companies sell 3.9 billion euros of bonds, accordingto data compiled by Bloomberg. The average yield investors demandto hold investment-grade corporate bonds in euros has fallen to arecord 1.84 percent, Bank of America Merrill Lynch data show.

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