Apple’s stunning Australian dollar bond issue

The world’s largest tech company, Apple Inc., tapped the Australian bond market on Friday for $2.25bn worth of Australian dollar denominated bonds in three tranches; 4y fixed rate, 4y floating rate and 7y fixed rate. The issue is the largest seen for an international company issuing corporate bonds in Australia as the company was deluged with over $3bn worth of orders. Pricing for the iBonds, as they are being dubbed,...

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