Big tech earnings came and went without so much as a hint ofplans for corporate bond sales this year, setting up a Februarydrought that hasn't been seen in years.

Technology heavyweights such as Apple Inc. and Microsoft Corp.have made February typically the month of choice to borrow money inthe investment-grade market, according to data compiled byBloomberg. Over each of the past five years, the shortest month onthe calendar saw the most or the second-most tech issuance,accounting for nearly 50 percent of the sector's sales in 2018.

But things look set to change this year, as companies have moremoney on hand after tax legislation made it cheaper to bring backcash from abroad.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.