Apple has sold a 30-year U.S. dollar bond in Taiwan at a yield of 4.15%, reports Reuters, quoting unnamed sources. The company plans to raise between $1 billion and $1.2 billion in the first issue of debt on the island.
The yield reportedly compares with a range between 4.2% to 4.3% ahead of its pricing. At 4.15% the yield is well below that offered in recent bond issues in the flush Taiwanese market by blue-chip multinationals like Intel Corp and Anheuser Busch InBev SA, according to Reuters.The total amount raised by the bond —callable after the second year hasn’t finalized.
The Wall Street Journal says Apple is looking to issue bonds that will raise between $3 billion and $4 billion in debt in the Asia Pacific region. The goal is to raise fresh funds for dividend payments and share buybacks, the article adds.
Pure class: The Pad & Quill Bella Fino Leather Case for iPhone® SE
