Apple prices yen-denominated bond sale in Japan at $2 bln 04.06.2015 | Nachricht | finanzen.net
Apple (NASDAQ:AAPL), the world’s largest technology company, priced its first ever yen-denominated bonds today, in one of the largest offerings of yen-denominated debt by a non-Japanese issuer in recent years.The Cupertino, California-based company will offer ¥250 billion ($2 billion) in five-year yen-denominated bonds with a coupon of 0.350 percent, according to a term sheet.The issue will let Apple take advantage of Japan’s super low borrowing rates. Market participants have said the terms have already drawn much attention as they are offering significantly more than yields on domestic bonds.