Following yesterday’s report that Apple was preparing to raise approximately $7 billion through a bond offering, the company has now finalized terms with the SEC, confirming a slightly larger amount. Here are the details.
Apple expects $7.47 billion in net proceeds from bond sale
Yesterday morning, Apple filed a preliminary prospectus with the SEC , outlining plans to issue a series of bonds maturing between 2028 and 2036.
Soon after, Bloomberg reported that the bond sale was targeting roughly $7 billion, with investor interest already surpassing $30 billion.
Now, Apple has filed the final pricing term sheet for the bond sale with the SEC, confirming a $7.5 billion offering across the seven previously announced series, with the following breakdown:
$500 million in floating-rate bonds maturing in 2028
$750 million in floating-rate bonds maturing in 2029
$1 billion in fixed-rate bonds maturing in 2028, with a 4.65% annual interest rate
$1 billion in fixed-rate bonds maturing in 2029, with a 4.75%…