It's the company's first offering in Taiwan, which is home to several of Apple's suppliers. While the yield may seem somewhat high, that may be because last year the company sold 30-year bonds in the U.S. with a yield of just 3.45%.
However, the company was able to raise money in Taiwan at a lower rate than some other U.S. companies, including Intel (INTC) - Get Report and Anheuser-Busch InBev (BUD) - Get Report , which sold 30-year bonds at yields of 4.7% and 4.915% in December and January, respectively.
It was not immediately clear how the company plans to use the proceeds. Shares of Apple closed at $99.03 Tuesday, up 0.4%.
Shares of Samsung SDI were on the move Tuesday in South Korea, on reports that discussions with Tesla (TSLA) - Get Report are turning serious. The company is reportedly in talks to supply batteries for the U.S.-based automaker.
Samsung SDI is a battery and components unit of Samsung (SSNLF) , and the company is sure to benefit from a deal with Tesla given the magnitude of batteries the automaker would likely demand. Although details of the potential deal are scarce (simply because there is no deal, yet), it seems likely to happen, according to sources.
Panasonic (PCRFY) shares, on the other hand, were in decline. The Japanese company currently supplies Tesla with batteries, while Tesla is building that little thing called the Gigafactory for $5 billion out in Nevada.
While it's unclear where all of these batteries are going to come from, one thing appears clear: We're gonna need a lot of them.
Shares of Tesla closed at $232.34 Tuesday, up 5.3%.
In an effort to again douse water on other social media players, Snapchat is revamping part of its platform, making it more engaging for users and more attractive for companies.
Earlier this year, the company overhauled its service to provide users with a far more engaging, entertaining way of communication. It went from sharing pictures and videos to text- and audio-based conversations, as well as boasting far more features. It was a big move that has been met with excitement from users.
Now the company's "Discover" platform, where users can see stories from celebrities, friends, companies and networks, has got a makeover too. Rather than displaying icons of things like "ESPN" or "National Geographic," there are now more aesthetically pleasing images and texts to attract users.
Previously, the little circle icons gave users no idea what the content would be once they clicked on it. Now, they'll know what the story is about and what to expect. Also, it's easier to subscribe to the accounts users like.
Increased engagements, especially on this front, could be where Snapchat starts to drive its revenue, as brands and companies have an easier way to target consumers through the platform.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.