Apple has raised A$2.25B (about US$1.6 billion) with a debut “Kangaroo” bond issue, smashing the record for the largest-ever corporate bond deal in Australia, reports Seeking Alpha (http://tinyurl.com/nf5txnz).
The company sold A$1.15B of seven-year notes at a yield of 110 bps more than swap rates and A$1.1B of four-year securities at a 65 bps spread, bringing its total debt issuances over the past two years to $50B. Apple had only sold U.S. currency bonds until last November, but has since expanded to euros, yen, pounds, Swiss francs and Aussie dollars, notes Seeking Alpha.
