The world's largest corporation Apple announced its first non-dollar bond issue. For the first time, Apple Inc. sold its bonds for a total amount of €2.8 billion. The deal includes eight- and twelve-year securities priced at €1.4 billion. Specialists assure that the expected profitability of these bonds will be the lowest among corporate bonds with the same terms; also they state the figures 1.082 pct and 1.671 pct respectively (it is lower than in some European countries – Italy and Spain, for example). It is noteworthy that the last record belonged to Coca-Cola Company with the level of 1.2 pct in September for eight-year bonds. Deutsche Bank and Goldman Sachs were appointed as the organizers of the deal. The last time Apple entered the bond market was in April, when the securities were priced at $12 billion were placed. Last year the record high value of the sold bonds was noted - $17 billion. Analysts said that this year American companies extended considerably the volumes of issues in Europe. They are pushed by the desire to take advantage of the record low debt cost in the European region. Only since early 2014 their bond issues in euro amounted to € 51.5 billion that is a new high since 2008. Moody's Investors Service ranked Apple “AA1” and Standard and Poor's ranked it “AA+”. Bond issue is an effective method of share repurchases funding because the company holds most of its liquidity beyond the USA.
