Apple C$2.5 billion maple bond offering

15/8/2017
Investment grade bond/note issue

C$ 2.5 billion

Completed

15/8/2017


Overview:

  • Apple has completed a C$2.5 billion maple bond offering.
    This deal was Apple’s first ever Canadian dollar private placement offering.
  • Since 2013, Apple has raised $100 billion across the global debt capital markets, the largest of any corporate issuer over this time period.
  • Proceeds will fund the company’s shareholder return program, as well as working capital needs, acquisitions, dividend payments to shareholders and repayment of debt.
  • The underwriters were led by HSBC Securities, RBC Dominion Securities, BMO Nesbitt Burns and Goldman Sachs. 
  • Apple counsel Hogan Lovells and Blake Cassels & Graydon declined to comment on their involved partners. 

Dylan Seligman - Researcher

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