Apple Returns to Aussie Debt Market With Two-Part Bond Offering
- IPhone maker marketing debt due in June 2020, January 2024
- Pricing expected Friday; follows A$1 billion Coca-Cola deal
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Apple Inc. is looking to build on its record Australian dollar bond sale from last year with a new two-part note offering that’s expected to price this week.
The iPhone maker is offering senior unsecured fixed-rate notes due in June 2020 at a yield premium of about 0.85 percentage point more than the swap rate, according to people familiar with the matter who asked not to be identified because they’re not authorized to speak publicly. It’s also marketing similar securities due in January 2024 at a 1.25 percentage point spread, the people said.