Apple Raises $1.6 Billion in Record Corporate Bond Deal
ByApple Inc. raised A$2.25 billion ($1.6 billion) with a debut Australian debt sale that’s the largest bond deal ever Down Under by a non-financial company.
The iPhone maker sold A$1.15 billion of seven-year notes at a yield of 110 basis points more than swap rates and A$1.1 billion of four-year securities at a 65 basis point spread.
Apple, which until November had only sold U.S. currency bonds, has since expanded its debt issuance to euros, yen, pounds and Swiss francs as well as Aussie dollars. It follows a A$700 million inaugural offering last month from brewer SABMiller Plc and joins other overseas-based issuers such as Total SA and Toronto-Dominion Bank in making Australian debuts over the past 12 months…
Apple Raises $1.6 Billion in Record Corporate Bond Deal
