Hint mode is switched on Switch off
  • High performance interface for global bond market screening
  • Full information on close to 500,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 100 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Apple Inc. has placed its first notes with a 40-year maturity

August 14, 2020
Yesterday, August 13, Apple Inc. has placed its first notes with a 40-year maturity. It is the longest company's fixed income debt ever. Spread to US Treasury bonds was 118 bp. It made the borrowing cheaper than for Amazon.

Let's congratulate Apple. It was its 100th bond issue, which makes it one of the most frequent borrowers among corporate issuers all over the world.

Along with the 40-year bond, the company placed 5-, 10-, and 30-year notes. The total amount of yesterday's issue reached $5.5 bn. After this placement, Apple's total fixed income debt amounts to approximately $100,76 bn with 67 outstanding issues.

Bank of America Merrill Lynch, Barclays, Goldman Sachs, JP Morgan, Morgan Stanley were bookrunners. The company entered the debt market, not because of difficulties, but because borrowing is cheap right now.
Company — Apple
  • Full name
    Apple Inc
  • Registration country
  • Industry
    Information and High Technologies