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Long-term Debt
3 Months Ended
Apr. 30, 2011
Long-term Debt  
Long-term Debt

Note 5. Long-term Debt

Information on new long-term debt issuances during the first quarter of fiscal 2012 is as follows (amounts in millions):

 

                     

Issue Date

 

Maturity Date

   Interest Rate     Principal
Amount
 

April 18, 2011

  April 15, 2014      1.625%     $1,000   

April 18, 2011

  April 15, 2016      2.800%       1,000   

April 18, 2011

  April 15, 2021      4.250%       1,000   

April 18, 2011

  April 15, 2041      5.625%       2,000   
                      

Total Issuances

               $5,000   
                      

The aggregate net proceeds from these note issuances were approximately $4.9 billion. The notes of each series require semi-annual interest payments on April 15 and October 15 of each year, commencing on October 15, 2011. Unless previously purchased and cancelled, the Company will repay the notes of each series at 100% of their principal amount, together with accrued and unpaid interest thereon, at their maturity. The notes of each series are senior, unsecured obligations of the Company.