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Apple Launches $6.5 Billion Five-tranche Bond

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Apple has launched a bigger than expected US$6.5bn five-tranche bond on books heard to be around US$20bn.

The deal was upsized from US$5bn and includes a US$1.25bn fixed rate tranche at Treasuries plus 42bp; a US$1.25bn seven-year at T+67bp; a US$1.5bn 10-year at T+85bp; aUS$2bn 30-year at T+125bp and a US$500m five-year floating rate note at three-month Libor plus 25bp. Click here to read the full post

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Wahengbam Rorrkychand

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