LONDON, May 17 (IFR) - Final terms for Apple Inc’s dual-tranche euro-denominated senior unsecured benchmark bond have been set, according to a source.
The US tech company will price a €1.25bn eight-year tranche at 33bp over mid-swaps, the tight end of the 33bp-35bp guidance and tighter than the 45-50bp initial price thoughts.
It will a €1.25bn 12-year at mid-swaps plus 45bp, the tight end of the 45-47bp guidance and inside mid-swaps plus 60-65bp initial price thoughts.
Books had passed €5bn at the last update.
Apple, rated Aa1/AA+ (both stable), mandated Goldman Sachs, Barclays and Deutsche Bank as bookrunners. (Reporting by Helene Durand)