ISIN.net news update courtesy of Reuters. A well known tech giant, (ISIN Code: US0378331005), Apple Inc. released information yesterday regarding their dual tranche deal.
Following are terms and conditions of a dual tranche deal on Tuesday.
Borrower Apple Inc (Apple)
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Tranche 1
Issue Amount 875 million swiss franc
Maturity Date November 25, 2024
Coupon 0.375 pct
Issue price 100.9070
Reoffer price 100.9070
Reoffer yield 0.281 pct
Spread 25 basis points
Underlying govt bond Over midswaps
ISIN CH0271171685
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Tranche 2
Issue Amount 375 million swiss franc
Maturity Date February 25, 2030
Coupon 0.750 pct
Issue price 100.1420
Reoffer price 100.1420
Reoffer yield 0.74 pct
Spread 35 basis points
Underlying govt bond Over midswaps
ISIN CH0271171693
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Common terms
Payment Date February 25,2015
Lead Manager(s) Credit Suisse & Goldman Sachs
Ratings Aa1 (Moody’s)
Listing SIX
Full fees Undisclosed
Denoms (M) 5
Governing Law Swiss
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