Apple has just completed a $7.5 billion corporate bond offering.
The 10-year bonds carry a fixed coupon of 5.35%. That may not mean much to many people. But this is Apple, one of the tech companies with the strongest cash-generating capabilities in the world.
Even a company like this has to offer a coupon above 5% to issue 10-year U.S. dollar bonds.
$AAPL
The 10-year bonds carry a fixed coupon of 5.35%. That may not mean much to many people. But this is Apple, one of the tech companies with the strongest cash-generating capabilities in the world.
Even a company like this has to offer a coupon above 5% to issue 10-year U.S. dollar bonds.
$AAPL