Apple raises A$2.25b in Aussie debt debut

Sydney

APPLE Inc raised A$2.25 billion (S$2.3 billion) with a debut Australian debt sale that's the largest bond deal ever Down Under by a non-financial company.

The iPhone maker sold A$1.15 billion of seven-year notes at a yield of 110 basis points more than swap rates and A$1.1 billion of four-year securities at a 65 basis point spread.