Apple bond
Riportiamo un estratto, qui sotto, da un recente articolo del Financial Times, che aggiorna le vicende della mega-emissione obbligazionaria di Apple, obbligazione che in soli due mesi ha perso quasi il 10% sul corso. Avevamo scritto, a commento di questa emissione, due mesi fa nel nostro Morning Meeting quotidiano, che rischia di restare nel tempo come un landmark . E' ciò che accadde con il collocamento del fondi di private equity Blackstone, collocato a 40 $ e trattato a 5$ solo due anni dopo (oggi, ne vale 20).
June 11, 2013 9:53 am
Apple bonds lose 9% in six weeks
Investors are nursing losses of up to 9 per cent on Apple’s record-breaking $17bn bond offering, less than six weeks after the securities landed in their portfolios.
The technology giant tapped the white-hot bond market for the largest debt fundraising to date on April 30, but a sharp turn in interest rates has caused a sell-off in corporate bonds and wiped hundreds of millions of dollars off the value of the offering.
Apple sold $3bn of bonds maturing in 2043, locking in a low interest rate of 3.9 per cent for the next 30 years, but the market price of these bonds had fallen to 90.36 per cent of face value in late trading on Monday, according to Trace data. Investors in the offering paid 99.418 per cent of face value for the new bonds, but institutional and retail demand was so high that they traded as high as 101.97 in the secondary market.