5bil Maple bond market issue TORONTO: Apple Inc priced its C$2.
5 billion ($1.96 billion) in seven year bonds in a coach outlet stores allen texas Canadian dollar denominated issue, one of the joint book running managers said coach outlet handbags rebecca on Tuesday, setting a record amount for an issuer in the Maple bond market. The deal, which also tied as the biggest corporate issue in Canada, was priced at a spread of 80 basis points over the curve, said Brad Meiers, head of debt capital markets and syndication at HSBC Securities (Canada) Inc. In a regulatory filing on Tuesday, Apple said the coach outlet handbags 4 sale proceeds of the transaction will be coach bag black friday used for general corporate purposes, including repurchases of common stock and payment of dividends. An Apple spokesman declined to comment on the size or price of the deal.
Despite the size of the deal, investors said it will not erode the capacity of the market to absorb bonds from other issuers after a period of slower issuance throughout the summer. "The deal may have taken out some near term liquidity but it doesn't mean that there won't be room for other issuers as well, said Darcy Briggs, a fixed income portfolio manager with the Bissett unit of Franklin Templeton Investments. Reuters.
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