- Apple's (AAPL - unchanged) offering size is below the $17B it raised a year ago, and had been reported to be looking to raise this year. Investors have placed over $40B worth of orders.
- As expected, interest rates are low: 10-year bonds are offered to yield only 77bps more than comparable Treasurys, and 30-year bonds just 100 bps more.
- The 7-part offering, which will help pay for additional buybacks, will increase Apple's total debt load to $29B. The company's cash/investment balance is at $150B, of which $18B is in the U.S.
- Earlier: Apple files for 7-part debt offering
at CNBC.com (Nov 19, 2014)