
Oracle (NYSE:ORCL) stock slipped after it moved to raise $15 billion in the U.S. investment-grade bond market on Wednesday, according to people familiar with the transaction.
The company offers debt in as many as seven tranches, including a rare 40-year bond. Early price talks pegged the long-dated security at about 1.65 percentage points above Treasuries of similar maturity, Bloomberg reported, citing unnamed sources familiar with the matter.