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Insurance company $AFL said it has priced $300MM of fixed-rate senior notes due 2026 with a coupon of 2.875% and $400MM of fixed-rate senior notes due 2046 with a coupon of 4.00%. The 2026 notes will be issued at $99.816 with a re-offer yield of 2.896% and the 2046 notes will be issued at $99.235 with a re-offer yield of 4.044%.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."