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Apple reportedly raises up to $1.2B in first Taiwanese bond

As rumored last week, Apple on Monday reportedly completed a U.S. dollar denominated bond issuance in Taiwan estimated to have raised up to $1.2 billion.




Citing sources familiar with the matter, Reuters reports Apple's first Taiwan bond is a 30-year debt issuance raising between $1 billion and $1.2 billion with a yield of 4.15 percent, though the figures have not been finalized. The bond is callable after the second year, these people said.

Today's report lines up with rumblings last week that claimed Apple was preparing its first ever issue of debt in Taiwan, as well as a forthcoming offering in Australia that has yet to be confirmed. Apple was previously forecast to target between $800 million to $1.2 billion, and a yield of approximately 4.2 percent.

With a growing offshore cash pile, Apple has increasingly turned to debt markets in a bid to finance its capital return program, which was recently boosted to $250 billion after a $50 billion expansion was announced in April. Apple plans to mete out returns by 2018.

Apple recently issued euro-denominated debt totaling $2.25 billion in September, while bonds of similar value were sold in Japanese yen, Swiss francs, British pounds and Australian dollars over the course of 2015.

In March the company marked a return to the U.S. debt market with a massive three-part, $3.5 billion bond tacked on to a sale dating back to in February.