Libor
Apple launches US$6.5 billion five-tranche bond
Apple has launched a bigger than expected US $6.5bn five-tranche bond on books heard to be around US $20bn. The deal was upsized from US $5bn and includes a US $1.25bn fixed rate tranche at Treasuries plus 42bp; a US $1.25bn seven-year at T+67bp; a US $1.