Apple bonds listed on Taiwan’s OTC market

The China Post
Date: March 4, 2017

TAIPEI — Apple Inc., the U.S-based consumer electronics giant, listed US$1 billion worth of bonds on Taiwan’s over-the-counter (OTC) market on Friday, according to the Taipei Exchange, which operates the local OTC market.

It was the second time Apple has sold bonds to raise funds in Taiwan, after the U.S. company issued US$1.38 billion in bonds on the local OTC market in June 2016.

The second tranche of US$1 billion in bonds with a 30-year maturity sold by Apple carried a coupon rate of 4.3 percent, higher than the 4.15 percent offered in the first bond sale, with the U.S. Federal Reserve raising its key interest rates in December.

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