Oracle Bonds Rally as Funding Plans Signal Borrowing Discipline

Oracle Corp.’s bonds rallied on Thursday even as its shares tumbled, after the database giant calmed debt investors by saying it doesn’t expect additional bond issuance this calendar year and...

By Caleb Mutua · Bloomberg Markets

Oracle Corp.’s bonds rallied on Thursday even as its shares tumbled, after the database giant calmed debt investors by saying it doesn’t expect additional bond issuance this calendar year and outlining plans to raise $40 billion of debt and equity in the current fiscal year.