Apple plans to release its first bonds denominated in Australian dollars, resulting in can be concluded a number of transactions in the debt market. Thus, the company seeks to diversify its sources of funding.
Starting from Tuesday the manufacturer of iPhone and iPad will hold several meetings with investors about the prospects of such placement, according to a press release from Goldman Sachs. The Bank jointly with the Commonwealth Bank of Australia and Deutsche Bank are the organizers of these negotiations.
Apple until November last year issued bonds only in dollars, but then spent the placement of bonds in euros, yen, pounds and Swiss francs.
For the first time Apple’s entered the debt market in may 2013 to Fund the program at $100 billion capital return to shareholders. Then the company issued bonds with floating interest rate with a maturity of up to 2016 and 2018. Apple has also issued debt securities with a fixed interest rate with a maturity of 2016, 2018, 2023 and 2043.
In early February 2015, it became known that the company intends to issue bonds totaling $5 billion, and in November 2014 appeared information about the plans for the first time to issue Eurobonds.
Over the past year Australian bond market of the first major companies such as SABMiller Plc, Total SA and Toronto-Dominion Bank.