Apple Just Set A Record Doing This

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Apple just made their first strike in the Canadian market this week.

According to the SEC, the tech giant has sold C$2.5 billion in 7-year senior unsecured notes that carry a coupon of 2.513%.
This is the biggest maple bond deal ever according to the Globe and Mail. The lead underwriters were BMO Capital Markets, HSBC, RBC Capital Markets, and Goldman Sachs, while the co-managers were CIBC Capital Markets, TD Securities, and Bank of America Merrill Lynch.

The filing revealed that Apple will be using the proceeds from the deal in order to fund its shareholder return program, as well as working capital, acquisitions and repayment of debt, and general corporate purposes.

The company has also issued debt in U.S. dollars, euros, and British pounds. Most recently it issued its first Japanese yen-dominated offering in 2015.

Disclaimer: We have no position in Apple Inc. (NASDAQ: AAPL) and have not been compensated for this article.

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