Factsheet | AAPL 4.000% 10May2028 Corp (USD)

Bond Information

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related accessories. The Company also offers payment, digital content, cloud and advertising services. Apple Inc.'s customers are primarily in consumer, small & mid-sized business, education, enterprise and government markets worldwide.

Bond Issuer

Apple Inc

Guarantor

Announcement Date

07 May 2023

Issue Date

09 May 2023

Maturity Date / Next Call Date

09 May 2028 / 09 Apr 2028

Years to Maturity / Next Call

1.895 / 1.813

Issue/Reoffer Price

99.807

Issue/Reoffer Yield

4.043

Coupon Type

Fixed

Annual Coupon Rate (%)

Annual Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Exchange Listed

Others

Reference Rate

ISIN

US037833ET32

CUSIP

037833ET3

Bond Currency

USD

Total Issue Size

USD 1,500,000,000

Minimum Investment Quantity (Nominal)

USD 2,000

Incremental Quantity (Nominal)

USD 1,000

Bond Registration

Wholesale

Bond Type

Corporate

Bond Sector

Information Technology

Bond Sub Sector

Technology Hardware, Storage and Peripherals

Issuer Credit Rating (S&P/ Fitch)

***/N.R

Bond Credit Rating (S&P/ Fitch)

***/N.R

Shariah Compliant

W-8BEN Declaration needed

Yes

Bond Feature(s)

Make-Whole Call

Prior to April 10, 2028, Apple Inc. may at its option redeem the 2028 Notes, at any time in whole or from time to time in part, at a redemption price as calculated by Apple (expressed as a percentage of principal amount and rounded to three decimal places), equal to the greater of:

(i) 100% of the principal amount of the 2028 Notes being redeemed; and

(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2028 Notes being redeemed (assuming that such notes matured on April 10, 2028), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate (as defined in the 2028 Notes) plus 10 basis points, plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of redemption.

Issuer Call

On or after April 10, 2028, Apple Inc. may at its option redeem the 2028 Notes, at any time in whole or from time to time in part, prior to their maturity, at a redemption price equal to 100% of the principal amount of the 2028 Notes being redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

Price History

(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file

DATE	BID PRICE	ASK PRICE	ASK YIELD (CALL)	ASK YIELD (MATURITY)

16 Jun 2026	99.794	99.987	4.005	4.005
15 Jun 2026	99.832	99.994	4.001	4.001
14 Jun 2026	99.915	100.099	3.940	3.944
11 Jun 2026	99.793	99.957	4.022	4.022
10 Jun 2026	99.694	99.854	4.081	4.079
09 Jun 2026	99.686	99.866	4.074	4.072
08 Jun 2026	99.661	99.836	4.091	4.088
07 Jun 2026	99.596	99.797	4.114	4.110
04 Jun 2026	99.894	100.069	3.958	3.961
03 Jun 2026	99.818	99.996	4.000	4.001

Total of 65 entries

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FSMOne strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.

Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents

Pricing Supplement

4.000% Notes due 2028 (“2028 Notes”). Final Pricing Term Sheet.

Prospectus

$1,500,000,000 4.000% Notes due 2028. Prospectus Supplement dated May 8, 2023 (To Prospectus dated October 28, 2021).

Related Bonds

BOND NAME ISSUER	MATURITY DATE / NEXT CALL DATE	ASK PRICE	ASK YTM / YTW	BOND CREDIT RATING (S&P/FITCH)	action

AAPL 1.650% 11May2030 Corp (USD) Apple Inc	10 Feb 2030 (Next Call Date)	90.897	4.208% p.a.	***/N.R	TRANSACT
AAPL 3.450% 09Feb2045 Corp (USD) Apple Inc	08 Feb 2045	76.892	5.437% p.a.	***/N.R	TRANSACT
AAPL 4.850% 10May2053 Corp (USD) Apple Inc	09 Nov 2052 (Next Call Date)	92.653	5.369% p.a.	***/N.R	TRANSACT
AAPL 2.900% 12Sep2027 Corp (USD) Apple Inc	11 Jun 2027 (Next Call Date)	98.850	3.863% p.a.	***/N.R	TRANSACT
AAPL 2.400% 20Aug2050 Corp (USD) Apple Inc	19 Feb 2050 (Next Call Date)	58.664	5.517% p.a.	***/N.R	TRANSACT
AAPL 3.350% 08Aug2032 Corp (USD) Apple Inc	07 May 2032 (Next Call Date)	94.907	4.303% p.a.	***/N.R	TRANSACT
AAPL 3.950% 08Aug2052 Corp (USD) Apple Inc	07 Feb 2052 (Next Call Date)	78.351	5.525% p.a.	***/N.R	TRANSACT
AAPL 2.550% 20Aug2060 Corp (USD) Apple Inc	19 Feb 2060 (Next Call Date)	54.584	5.518% p.a.	***/N.R	TRANSACT
AAPL 3.350% 09Feb2027 Corp (USD) Apple Inc	08 Nov 2026 (Next Call Date)	99.648	3.908% p.a.	***/N.R	TRANSACT
AAPL 2.650% 11May2050 Corp (USD) Apple Inc	10 Nov 2049 (Next Call Date)	62.248	5.511% p.a.	***/N.R	TRANSACT

Total of 12 entries

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FSMOne's Fees

For more information, please refer to the Pricing Structure

For each Buy & Sell Order (Retail^, Wholesale, Bond Express)

Processing Fee

0.35% / Min. SGD 10*

Platform Fee

0.05% per quarter

Other Charges

Goods & Services Tax (GST)

9% (GST is applicable to Singaporean residents on FSMOne’s fee)

Order Processing Time

Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)

Generally T+2 business days upon payment clearance

Sell Wholesale Bonds / SGS Bonds / Retail Bonds

Generally T+2 business days (Redemption proceeds will be credited on next day)

Remark

*Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
^ For the purchase of the Retail Bonds, FSM will be absorbing SGX related Charges, till further notice.
T = Transaction Date
The Order processing time refers to the order completion and reflected in your account.
^The Purchase date will be based on T date

Platform Charge

For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note

All fees and commission quoted are exclusive of Goods and Services Tax (GST).
Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained

EDIT

Est. Payable Amount

USD 2,019.36

Years to Call

1 years 9+ months

Est. Total Income

USD 153.33

3.538%

Indicative Cash Flow

Nominal Value

USD 2,000.00

2028
Apr
Coupon
USD 33.33
Early Redemption
USD 2,000.00
2027
Nov
Coupon
USD 40.00
May
Coupon
USD 40.00
2026
Nov
Coupon
USD 40.00

Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.

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