蘋果發行65億美元債券
Apple returned to the debt capital markets on Monday with the sale of $6.5bn in bonds as the iPhone maker took advantage of a drop in borrowing costs to fund its aggressive share buyback programme.
週一蘋果(Apple)重返債務資本市場，售出65億美元債券，這家iPhone製造商是在利用借債成本下降之機，爲其雄心勃勃的股票回購計劃融入資金。The world’s most valuable company hired Goldman Sachs and Deutsche Bank to sell $1.5bn of 10-year notes and $2bn of 30-year bonds, in addition to debt maturing in five and seven years. Yields on the securities ranged from 1.6 to 3.5 per cent, people familiar with the sale said.
這家全球最高市值公司聘用了高盛(Goldman Sachs)和德銀(Deutsche Bank)，銷售15億美元的10年期票據、20億美元的30年期債券，以及5年期和7年期債券。熟悉此次售債的人士表示，這批債券的收益率從1.6%至3.5%不等。
Investors lined up to buy the securities, bringing total orders close to $15bn, people familiar with the sale said. The strong demand contributed to Apple’s decision to boost the total size of the offer from an initial $5bn.
知情人士表示，投資者排隊購買蘋果債，使得總訂單量接近150億美元。在旺盛需求的推動下，蘋果決定提高初定50億美元的發債總規模。
Monday’s sale marks Apple’s return to markets after it sold 2.8bn in bonds in November, which was its first sale in a currency other than US dollars.
蘋果週一重返債券市場發債之前，已在去年11月發行了28億歐元的債券，那是蘋果首次發行美元以外幣種計價的債券。Apple has issued about $32bn in bonds since April 2013, locking in some of the lowest funding costs for a large multinational.
蘋果自2013年4月以來已發行了320億美元債券，融資成本處於一家大型跨國企業所能獲得的最低成本之列。The combination of Apple’s high credit ratings — it is rated Aa1 by Moody’s and AA+ by Standard & Poor’s — and the inclusion of longer dated tranches in the offer appealed to pension funds and insurers, analysts said.
分析師表示，蘋果的信用評級高——穆迪(Moody’s)評級爲Aa1，標普(Standard & Poor’s)評級爲AA+——加上此次發行中包含期限較長債券，對養老基金和保險商很有吸引力。“Debt capital markets remain very friendly, in particular for large companies with high credit ratings,” said Mark Haefele, global chief investment officer at UBS.
“債務資本市場仍然很友好，尤其是對信用評級高的大公司，”瑞銀全球首席投資官馬克•海菲爾(Mark Haefele)表示。“There’s pent-up demand for longer dated bonds, with A ratings. There’s not a lot of them out there.”
“當前投資者對較長期限的A級債券的需求受到了壓抑。市場上這類債券並不多見。”
