“Goldman Sachs Group Inc. got $38.3 million and Deutsche Bank AG $9.3 million for underwriting the largest-ever bond sale by a company, Tuesday’s $17 billion offering by Apple Inc.,” Mike Cherney reports for The Wall Street Journal.
Cherney reports, “The other banks in the deal sold smaller amounts of bonds and got smaller fees Citigroup Inc., J.P. Morgan Chase & Co. and the Merrill Lynch unit of Bank of America Corp. each took 2.5% of the deal, which means $1.3 million in fees, and Barclays and Standard Chartered each took 1.5%, putting them in line for fees of $798,750.”
Read more in the full article here.
Related articles:
Apple’s new iBonds selling like hotcakes – May 1, 2013
Why is Apple issuing debt when they have enough cash to buy every office building and retail space in New York City? – May 1, 2013
Should you buy Apple bonds? – April 30, 2013
Apple to sell record $17 billion in bonds – April 30, 2013
iBonds: Apple plans six-part U.S. dollar bond offering – April 30, 2013
Apple lays groundwork for first ever debt sale; one of the year’s most anticipated bond sales – April 29, 2013
Apple files automatic shelf registration statement – April 29, 2013
Debt-free Apple to take on debt to avoid huge U.S. repatriation tax hit – April 26, 2013
Apple’s massive $100 billion capital return program is a perfect tax arbitrage – April 26, 2013
Apple to tap a hungry debt market; strong demand likely from investors eager to get cash off sidelines – April 25, 2013
Debt-free Apple plans to borrow to finance massive capital-return program – April 23, 2013
Apple beats Street on EPS and revenue; ups quarterly dividend by 15%; ups buybacks to $60 billion – April 23, 2013
Apple paid $6 billion in U.S. federal income taxes, 1/40th of all corporate income taxes collected by U.S. government in 2012 – January 5, 2013
Google, Apple, eBay shouldn’t pay taxes – people should pay taxes – November 25, 2012
So how much did Apple really pay in taxes? – November 1, 2012
Apple’s showdown with the U.S. government over taxes on offshore cash – July 13, 2012
Apple‘s $74 billion tops list of U.S. tech companies’ overseas cash – July 9, 2012
Apple’s dividend move puts spotlight on foreign cash holdings, repatriation tax reform – March 20, 2012
Apple: Good start; and what about the overseas cash? – March 19, 2012
Apple’s foreign cash hoard piles up: $54 billion and rapidly growing – January 11, 2012
Senator John McCain eyes Apple’s $54 billion overseas cash pile – November 3, 2011
Google joins Apple in push for U.S. repatriation tax holiday – October 3, 2011
Apple lobbies Obama for tax holiday, wants to bring overseas bounty home – August 24, 2011
U.S Senate Democrat Schumer allies with Apple, other multinationals on repatriation tax talks – June 21, 2011
U.S. companies push for tax break on foreign cash – June 20, 2011
Apple, Oracle, Duke Energy, others organize lobbying blitz for tax holiday – February 17, 2011