Apple C$2.5 billion maple bond offering

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