Orders pour in for Apple's $12bn bond offering

Investors rushed on Tuesday to get a piece of Apple's new US$12bn seven-part bond deal, just the company's second foray into the US bond market. Apple, which had initially been targeting US$8bn-US$10bn, will price the trade later on Tuesday. The strong demand for double A rated company's offering has allowed the deal to price inside its outstanding bonds, which is a market coup for the technology giant. While other issuance in euros and sterling could come later, only the US dollar-denominated deal was in the market on Tuesday, led by Deutsche Bank and Goldman Sachs.

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