In a filing made to the U.S. Securities and Exchange Commission on July 28, Apple detailed its latest $7 billion bond sale in the U.S. marketplace. As noted by AppleInsider, the joint book running managers for this bond sale listed in the SEC filing are Goldman Sachs, J.P. Morgan Securities, and Merrill Lynch. Bank of America is not participating in any way with this offering, but was listed as a fund manager during the last sale.
Other issuers are Deutsche Bank, Barclays Capital, Citigroup, Standard Chartered, Wells Fargo, Lebenthal & Co., Loop Capital Markets, Mischler Financial Group, and The Williams Capital Group. The sale is said to be three-times over subscribed, and will happen in five parts. Two notes mature in 2019 and are worth $1.5 billion combined, with $1.25 billion maturing in 2021, $2.25 billion maturing in 2026, and $2 billion concluding in 2046.
In June The Wall Street Journal said Apple is looking to issue bonds that will raise between $3 billion and $4 billion in debt in the Asia Pacific region. The goal is to raise fresh funds for dividend payments and share buybacks, the article adds. In June it was also reported that Apple is looking to issue its first bond sale in Taiwan, along with a new bond in Australia.