Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Apple Bonds Climb Above Par After $12 Billion Securities Issue

April 30 (Bloomberg) -- Most of Apple Inc.’s new bonds climbed above face value after the iPhone maker yesterday issued $12 billion of debt, seeking to reward shareholders using a cheaper alternative than overseas cash that’s subject to repatriation taxes.

The company’s $2.5 billion of 3.45 percent, 10-year notes rose 0.4 cent from the issue price to 100.3 cents on the dollar for a yield of 3.41 percent, or 75 basis points more than similar-maturity Treasuries at 11:42 a.m. in New York, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

Apple, based in Cupertino, California, also issued three-, five- and seven-year debentures, which all rose above 100 cents on the dollar. Its $1 billion of 4.45 percent, 30-year bonds fell 0.2 cent to 99.3 cents on the dollar.

Bonds of the world’s largest technology company by stock-market capitalization are the most actively traded among U.S. corporate securities by dealers today, accounting for 10.6 percent of trades over $1 million, according to Trace.

Shares rose 1 percent to $598.23, reaching the highest intraday level since November 2012.

To contact the reporter on this story: Caroline Chen in New York at

To contact the editors responsible for this story: Shannon D. Harrington at John Parry, Mitchell Martin

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.