NEW YORK, April 29 (IFR) - Apple is expected to raise
between USD8bn to USD10bn from its seven-tranche bond deal,
market sources said on Tuesday, lower than the USD17bn-plus deal
that some market participants had anticipated.
One of the sources said the company was only expected to
price the dollar-denominated deal on Tuesday, amid expectations
that the issuer will also target other currencies.
Another market source said that the sterling market is
relatively expensive, and that price would be the deciding
Books on the dollar deal were heard to be approaching
USD13bn earlier, with demand skewed more heavily towards the
10-year and 30-year bonds. Deutsche Bank and Goldman Sachs are
leading the deal.
(Reporting by Natalie Harrison, IFR Markets; Editing by Shankar