Apple bonds now selling on the secondary market

Apple Inc, the ubiquitous maker of iPhones, iPads and Macintosh computers, made its debut in the Australian bond market in August when it issued 3 tranches of bonds. There were two fixed rate bonds and one floating rate note issued in the wholesale market at 2.88% (4y fixed & 4y floating) and 3.71% (7y fixed). Smaller investors were unable to buy the Apple bonds but FIIG, the fixed interest broker, has now made the bonds available to sophisticated and wholesale market customers in the secondary market in smaller parcel sizes.