Apple to test Australian corporate bond record
Market participants are predicting another big deal of up to A$1 billion
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Sydney
AUSTRALIA'S corporate bond market is poised for a big boost as US tech giant Apple prepares its first Kangaroo bond.
The world's largest company by market value has made a habit of shattering global bond records since its US$17 billion debut debt offering in May 2013, and market participants are predicting another big deal. "I'm expecting at least a A$500 million (S$519 million) trade but A$1 billion would not surprise given the huge local and regional appetite for Apple paper," said a syndicate banker not involved in the transaction.
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