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Published on 8/15/2017 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

Apple intends to sell Canadian dollar notes via four bookrunners

By Devika Patel

Knoxville, Tenn., Aug. 15 – Apple Inc. will conduct a Canadian dollar-denominated offering of notes, according to a 424B2 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until two months prior to maturity and then a par call.

HSBC Securities (USA) Inc., RBC Capital Markets Corp., BMO Capital Markets Corp. and Goldman Sachs & Co. are the bookrunners.

Proceeds will be used for general corporate purposes, including common stock repurchases, dividend payments, working capital, capital expenditures, acquisitions and debt repayment.

The computer and mobile communications device company is based in Cupertino, Calif.


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