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The apples in the debt: Apple has completed the placement of bonds by $10 billion

03.02.2017 Erika J. Wells 0 Comments

Apple has completed the placement of bonds by several billion dollars. Thus, the company seeks to diversify its sources of funding.

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The apples in the debt: Apple has completed the placement of bonds by $10 billion

The iPhone maker has joined the ranks of companies that have completed this week’s major of the bonds placement. Apple issued bonds by $10 billion, referring to the debt market for the first time since July last year.

Previously, Microsoft sold the bonds at $17 billion, and AT&T sold the securities by $10 billion.

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In connection with the increase in the yield of US Treasury bonds that have occurred since the latest placement papers of Apple, the interest rate on its new 10-year notes is 3.35%, which is almost one percentage point above the 2.45% offered on 10-year bonds in the summer.

The proceeds from the sale will be used for General corporate needs, including stock repurchases and dividends.

The apples in the debt: Apple has completed the placement of bonds by $10 billion

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First Apple came to the bond market in early 2013 to Finance the program at $100 billion to return capital to shareholders. Then the company issued bonds with floating interest rates with a maturity to 2016 and 2018. Apple has also issued debt securities with a fixed interest rate with a maturity until 2016, 2018, 2023 and 2043.

#apple#iPhone#Microsoft

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