Lifestyle & Entertainment

Apple sells 30-year bond in Taiwan at 4.15 percent yield – sources

The logo of Apple (AAPL) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson/Files
The logo of Apple (AAPL) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson/Files

TAIPEI (Reuters) – Apple Inc sold a 30-year U.S. dollar bond in Taiwan at a yield of 4.15 percent, sources said on Tuesday, aiming to raise between $1 billion and $1.2 billion in the first issue of debt by the U.S. technology giant on the island that is home to major players in its supply chain.

The yield compares with a range between 4.2 percent to 4.3 percent ahead of its pricing, people familiar with the deal earlier told Reuters. The total amount raised had not yet been finalised, the people said.

The bond is callable after the second year, the people said, speaking on condition of anonymity because the matter was confidential.

Apple could not be reached immediately for comment.

(Reporting by Roger Tung and Loh Liang-sa; Writing by JR Wu and Faith Hung; Editing by Kenneth Maxwell)

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