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US$ Credit Supply Pipeline

Market chatter that Apple Inc will return to issue a multi-tranche jumbo debt in the near term (next week?). Pure speculation as to overall size of the debt. However, for historical reference, Apple has issued to following over the last few years:

  • 05/08/2023 $5.25B *Apple $1B 3NC1 +70, $1.5B 5Y +55, $500M 7Y +70, $1B 10Y +80, $1.25B 30Y +108
  • 08/01/2022 $5.5B *Apple $1B 7Y +63, $1.5B 10Y +78, $1.75B 30Y +105, $1.25B 40Y +118
  • 07/29/2021 $6.5B *Apple 4pt jumbo: $2.3B 7Y +40, $1B 10Y +47, $1.8B 30Y +77, $1.4B 40Y +92
  • 05/04/2020: $8.5B total: $2B 3Y +60, $2.25B 5Y +80, $1.75B 10Y +110, $2.5B 30Y +145)
  • Note, the largest Apple issuance on record was for $15B on April 30, 2013.

Running total for the current week nearly $55B:
Date $MM Issuer (Priced *, Launch #)

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Market chatter that Apple Inc will return to issue a multi-tranche jumbo debt in the near term (next week?). Pure speculation as to overall size of the debt. However, for historical reference, Apple has issued to following over the last few years:

  • 05/08/2023 $5.25B *Apple $1B 3NC1 +70, $1.5B 5Y +55, $500M 7Y +70, $1B 10Y +80, $1.25B 30Y +108
  • 08/01/2022 $5.5B *Apple $1B 7Y +63, $1.5B 10Y +78, $1.75B 30Y +105, $1.25B 40Y +118
  • 07/29/2021 $6.5B *Apple 4pt jumbo: $2.3B 7Y +40, $1B 10Y +47, $1.8B 30Y +77, $1.4B 40Y +92
  • 05/04/2020: $8.5B total: $2B 3Y +60, $2.25B 5Y +80, $1.75B 10Y +110, $2.5B 30Y +145)
  • Note, the largest Apple issuance on record was for $15B on April 30, 2013.

Running total for the current week nearly $55B:
Date $MM Issuer (Priced *, Launch #)

Keep reading...Show less