• SEC Publishes Apple's Official European Debt Filing



    The US Securities and Exchange Commission recently published Appleís official European debt filing. For those of you who didnít know, the debt filing is looking to take advantage of the low European interest rates to raise $3.5 billion, or 2.8 billion euros. Appleís first non-dollar bonds which are split between 8-year bonds and 12-year bonds both begin to accrue interest starting today with annual payments to occur on November 10 starting next year.

    This means that the 8-year bondís principal payment date is set for November 10, 2022 and the 12-year bondís principal payment date is set for November 10, 2026. Last weekís conference call with investors revealed that Apple yields roughly 1.082% for 8-year bonds and 1.671% for 12-year bonds which are some of the lowest rates in history.

    Goldman Sachs & Co. is listed as representative for six other underwriters in the prospectus while accounting for the highest volume of securities that could be purchased at 700 million euros for each set of notes. Deutsche Bank AGís London office is set to handle 350 million euros for both 2022 and 2026 notes while players including Barclays Bank, JP Morgan Chase, Merrill Lynch (among others) will account for the rest.

    Source: SEC Filings via AppleInsider
    This article was originally published in forum thread: SEC Publishes Apple's Official European Debt Filing started by Akshay Masand View original post
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