Apple Stock Sells Record $17 Billion of Corporate Debt at Just 1.81%
Interest-Rates / Corporate Bonds May 01, 2013 - 06:38 PM GMTBy: Richard_Shaw
Apple borrowed $17 billion today in various maturity tranches, some floating rate and some fixed rate. The offering was oversubscribed by about 3 times.
It was the largest bond offering in history.
The current blended rate for their debt is 181 basis points, and consists of these floating rate and fixed rate tranches:
By Richard Shaw
http://www.qvmgroup.com
Richard Shaw leads the QVM team as President of QVM Group. Richard has extensive investment industry experience including serving on the board of directors of two large investment management companies, including Aberdeen Asset Management (listed London Stock Exchange) and as a charter investor and director of Lending Tree ( download short professional profile ). He provides portfolio design and management services to individual and corporate clients. He also edits the QVM investment blog. His writings are generally republished by SeekingAlpha and Reuters and are linked to sites such as Kiplinger and Yahoo Finance and other sites. He is a 1970 graduate of Dartmouth College.
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