IT'S OFFICIAL: Apple Is Raising $17 Billion In A Historic Bond Offering

This was counting up VERY fast apple pop up museum in atlanta

According to both Bloomberg and WSJ, Apple is raising a total of $17 billion in the largest ever non-financial corporate bond offering in history.

By all accounts, the offering is massively oversubscribed, as the demand for safe investible paper is enormous.

According to Bloomberg, the company is borrowing at 10-years at a rate that’s 75 basis points above US Treasuries.

The US 10-year yields just under 1.7%, so Apple will be borrowing at around 2.4%.

For more on why demand is so huge, see here >

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.