Apple Raises Billions in Debt Market While Some Are Left in Cold
- Some offerings getting pulled even as big deals sell
- "You don't just follow yield," said U.S. Bank analyst
Apple store.
Photographer: Philippe Lopez/AFP via Getty ImagesThis article is for subscribers only.
Debt investors are buying again, but they’re not buying everything.
Corporate bond issuance has jumped this month, as the European Central Bank expanded its stimulus plans to include buying companies’ debt, and the Federal Reserve scaled back its expected pace for lifting interest rates. Apple Inc. sold $3.5 billion of bonds on Thursday just one month after issuing $12 billion of debt. Brewing giant Anheuser-Busch InBev NV sold 13.5 billion euros ($15.3 billion) of notes on Wednesday in that market’s biggest-ever sale.