Apple raises $2.5bn in investments from first Maple bonds

By zaymalz malz

Apple Inc.’s borrowing continues to expand to new countries as the company tapped into the Maple bond market for the first time, raising a record C$2.5bn in investment in Canada.

Investors snapped up the chance to purchase AA+ rated securities in the world’s largest publicly listed company.

The $2.5bn issue is the largest single tranche Maple bond issue, almost twice that of the previous record that Anheuser-Busch held at $1.3bn.

See Also:

Following the investment, Apple’s shares closed at an all-time high of US$161.60, with HBSC Canada’s Head of Debt Capital Markets Bradley Meiers attributing the astounding success of this to Apple’s unparalleled stature within Canada.

“We have lots of good companies but not the quality of this issuer,” he said.

The debt financing is Apple’s sixth of the year, with plans to use the proceeds for no specific purpose but for general financing such as share buybacks and quarterly dividends, with most of its cash hordes of US$261.5bn held outside of the US.


Featured Articles

DEI done right: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Q&A: China’s ecommerce innovator Jeff Li, CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

How hybrid work is revolutionising the physical office

As hybrid work models roll out worldwide, the purpose of the office is changing with collaboration, connection and networking taking centre stage

Trailblazer: Shanique Bonelli-Moore, DEI chief at Clorox


Dean Forbes – the Forterro CEO aiming for the moon

Leadership & Strategy

Why becoming a B Corp is good for business