Apple has raised $1.38 billion in its first bond sale in Taiwan, an island that is home to the tech giant’s vast supply chain. This amount is nearly 40 percent more than initially expected on an island.
The 30-year bond will list on June 22, the Taipei Exchange, the island’s over-the-counter securities market.
Sources close to the matter told Reuters that Apple priced the bond with a yield of 4.15 percent. The yield is below an indicative range of 4.2 percent to 4.3 percent due to strong demand, market participants had said.
Several global household names have sold billions of dollars worth of bonds on Taiwan’s exchange, including the biggest bond sold to date of AT&T Inc. at $2.62B last year.
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