Apple sold $ 6.5 billion in bonds on Monday

Apple sold $ 6.5 billion in bonds on Monday, the biggest selling high quality corporate bonds so this year, reports the WSJ.

The bond sale includes a round of 30-year bond that will pay 3.5% annually. That is less than $ 17 billion bond sale Apple in April 2013 when a 30-year bond yielded 3.9%.

There was a strong demand from investors for the sale of debt notes also included 5.10 years. A ten-year sale Monday with a yield of 2.5%, less than 3.46% of Apple paid in April. However, the yield premium was higher on Monday, which means Apple relative cost of debt increased. A 10-year note on Monday offered 0.85% more performance than Treasuries US, compared to 0.77% for a 10-year bond in April.

Demand for bonds Apple is said to be high due to the lower yields of government bonds in the last year.

"It's easier to buy corporate bonds based on their fundamentals," said Kent White, Thrivent Asset Management, which tidied up some bonuses Apple on Monday. On the contrary, says it's hard to "have any idea where rates are going to be in the same time period."

This is the fourth time in less than two years Apple has raised more than $ 3 billion in debt markets.