Apple attracted 2.25 billion Australian dollars ($1.6 billion) through the placement of two bond issues in Australia, which was the company’s debut in this country. About it reports “Interfax”.
Apple placed a seven-year bonds for $1.15 billion under the yield 110 basis points (b.n.) above average market swaps, as well as four securities of $1.1 billion under the yield at 65 b.p. above average market swaps. The organizers of the issue were Commonwealth Bank of Australia, Deutsche Bank AG and Goldman Sachs Group.
The bonds Apple became the largest in Australia the sale of bonds by non-financial company this year and has surpassed in volume the March placement of securities BHP Billiton in the amount of 1 billion Australian dollars.
Apple, until November of last year sold the bonds solely in U.S. dollars, and later put the paper in euros, yen, pounds and Swiss francs.
Apple executives, announcing the sale of bonds in Australia, noted that the funds from the placement of bonds can be used to return capital to shareholders through share repurchases or dividend payments.
In April of this year, the company reported an increase of the reward to shareholders for the period up to March 2017, with $70 billion Apple claimed that funding for this program will raise funds on the debt market in the US and abroad.
The price of Apple shares at the end of trading on Thursday fell by 2.1%, to the lowest level since January 27. Securities of the company fell by 7.1% since the beginning of August.