Apollo Debuts in Bond Market With $500 Million Offering
This article is for subscribers only.
Apollo Global Management LLC, the buyout firm led by billionaire Leon Black, made its bond-market debut today by selling $500 million of 10-year notes after boosting the offering from $300 million initially marketed.
The third-biggest U.S. private-equity firm sold 4 percent securities that pay 152 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg.