In line with previous rumours, Apple has sold a 30-year US-dollar bonds in Taiwan for the first time, at a yield of 4.15%, reports Reuters, citing sources familiar with the matter. The company aims to raise between $1 billion and $1.2 billion. The yield is well below that recently offered by Intel and Anheuser Busch InBev SA,, the report reads.
The total amount raised by the bond – callable after the second year – had not yet been finalised, the people said, speaking on condition of anonymity because the matter was confidential. Subscriptions rates in the sale couldn’t immediately be determined.
Among the buyers, Reuters identified Cathay Financial Holding Co., the parent company of Taiwan’s biggest life insurer, which has bought a “small part of the bond, as the yield is lower than others issued by Apple outside of Taiwan”.
Last December, Intel raised $915 million by selling 30-year bonds with yields of 4.7%, and a month later global brewer Anheuser Busch InBev raised $1.47 billion by selling bonds of the same maturity with yields of 4.915%.