Apple bond sale will be the biggest of its kind

(Source: Reuters)

Tech giant Apple is looking to release a bond (it's not being called an iBond yet, but we're not ruling that out) in flavours ranging from three to 30 year maturities. Reuters are saying that the issue will exceed $40bn.

This is the first time the company has raised debt since 1996 and Business Insider are reporting that traders say the deal could be 2x oversubscribed.

Financial Times numbers suggest that this dwarves previous corporate bond issues:

The biggest corporate bond of all time was from Roche Holding in 2009 for $16.5bn.

The largest ever US corporate deal was Abbvie, the pharmaceuticals group, with a $14.7bn fundraising.

(Financial Times)