Apple is coming to market with bonds.
It’s raising debt for the first time since 1996 in order to fund buybacks and dividends.
This is going to be the biggest corporate bond deal of all time, apparently.
We’re hearing #Apple bond size to be between $10bn to $15bn – at top end would be the biggest US corporate bond of all time
— Chris Adams (@chrisadamsmkts) April 30, 2013
One trader we spoke to believes that the deal will be 2x oversubscribed.
For what it’s worth, CNBC’s Kayla Tausche suggests some higher numbers, and that total demand could be in the realm of $40-$50 billion!
We’ll be covering this story as it develops.