Apple issues Canadian-dollar bond for first time — and sets a record

Apple Inc. has joined Tesla Inc. and Amazon.com Inc. in tapping the corporate-bond market this week, with a “maple bond” deal, its first foray into the Canadian market.

The iPhone maker AAPL, -0.20% sold C$2.5 billion ($1.9 billion) in 7-year senior unsecured notes that carry a coupon of 2.513%, according to a filing with the Securities and Exchange Commission.

HSBC, RBC Capital Markets, BMO Capital Markets and Goldman Sachs were lead underwriters on the deal, with Bank of America Merrill Lynch, CIBC Capital Markets and TD Securities acting as co-managers. The deal priced at 80 basis points above the Canadian government’s 7-year bond, according to the Globe and Mail, and is the biggest maple bond deal ever.

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