Apple $7 billion notes 2017

Apple
$7.0 billion

Co-manager
1.80% Notes due 2019
2.00% Notes due 2020
2.40% Notes due 2023
2.75% Notes due 2024
3.00% Notes due 2027
3.75% Notes due 2047

On November 6, 2017, Siebert Cisneros Shank was invited to participate as a co-manager in Apple’s multi-tranche offering. The use of proceeds were designated for general corporate purposes, which may include corporate share repurchase and the payment of dividends to common shareholders. The transaction generated considerable demand, with an order book of nearly $16 billion. All tranches tightened by at least 12 basis points. The transaction settled on November 13, 2017. This was the second transaction that Siebert Cisneros Shank participated as a co-manager for Apple.