Apple raises billions in debt market while some are left in cold

“Debt investors are buying again, but they’re not buying everything,” Cordell Eddings, Fion Li, and Selcuk Gokoluk report for Bloomberg.

“Corporate bond issuance has jumped this month, as the European Central Bank expanded its stimulus plans to include buying companies’ debt, and the Federal Reserve scaled back its expected pace for lifting interest rates,” Eddings, Li, and Gokoluk report. “Apple Inc. sold $3.5 billion of bonds on Thursday just one month after issuing $12 billion of debt. Brewing giant Anheuser-Busch InBev NV sold 13.5 billion euros ($15.3 billion) of notes on Wednesday in that market’s biggest-ever sale.”

“It’s a very different market for some companies,” Eddings, Li, and Gokoluk report. “‘The market has become extremely bifurcated into the have’s and have not’s,’ said Rick Rieder, chief investment officer of fundamental fixed income at BlackRock, which manages $1.1 trillion.”

Read more in the full article here.

MacDailyNews Take: Free money.

Apple files to sell debt due from 2018-2046 – February 16, 2016
How Apple’s massive debt-powered buybacks actually save the company money – December 28, 2015
Why investors should love Apple’s debt strategy – August 21, 2015
Apple plans record Kangaroo bond debut – August 20, 2015
Apple preps first Kangaroo bond; likely to set Australian corporate bond record – August 17, 2015
Apple’s samurai bond pushes debt to $45.5 billion – June 3, 2015
Apple set to issue $1.6 billion of yen-denominated bonds – May 27, 2015
Why Apple is selling bonds in Switzerland – February 10, 2015
Apple plans debut Swiss franc bond sale; looks to exploit Switzerland’s low interest rates – February 9, 2015
Apple preserves overseas cash hoard, raises $6.5 billion from bond sale funding share buybacks – February 4, 2015
Apple plans $5 billion bond sale; fourth since 2013 – February 3, 2015
Orders pour in for Apple’s $12 billion bond offering – April 30, 2014
Apple debt offering only $12 billion – April 29, 2014
Apple about to join the ranks of the biggest U.S. corporate debtors – April 29, 2014
Apple readies blockbuster $17 billion debt sale – April 28, 2014
Apple plans another massive debt sale to fuel new share repurchases, dividends – April 25, 2014


  1. that is a naive take, mdn. don’t delude yourself.

    aint no such a thing as free money. there are always strings attached, strings that, under the right circumstances, can trip you up and bind you up.

    play by wall street rules, die by wall street rules. they wrote the rules and they wrote them to win. anybody else may temporarily benefit from those rules, but you will not win.

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