Apple's (AAPL) first debt offering in nearly two decades was also the largest corporate bond deal in the history of the market. The company, under pressure to return cash to shareholders, sold a $17B offering in six parts Tuesday: $1 billion of three-year floating-rate notes, $1.5 billion of three-year fixed-rate notes, $2 billion of five-year floating-rate notes, $4 billion of five-year fixed-rate notes, $5.5 billion of 10-year fixed-rate notes and $3 billion of 30-year fixed-rate notes. Goldman and Deutsche led the highly sought-after deal which brought buyers out of the woodwork. AAPL issued the three-year paper at 0.511%, just 20 basis points above the three-year fixed rate Treasury bond.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment