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Apollo prices $600M fixed-rate resettable junior subordinated notes due 2056 at 7.55% interest

Company Fundamentals
10 Nov 2026, 00:00 WIB
GlobeNewsWire
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Apollo prices $600M fixed-rate resettable junior subordinated notes due 2056 at 7.55% interest

Apollo Global Management priced $600 million of 7.55% fixed-rate resettable junior subordinated notes due in 2056. The notes pay interest semi-annually at 7.55% until December 2036, then reset based on the five-year U.S. Treasury rate plus a spread. Proceeds will fund general corporate purposes, including an investment in Mubadala Capital Asset Management. The offering is expected to close on November 13, 2026, and is backed by guarantees from Apollo subsidiaries.

Apollo Global Management shares trade at USD 121.00 on Pluang as of Nov 10, 2026 05:02 WIB, up 3.64% for the day but still below their 52-week high of USD 152.70. This price contrasts with the 52-week low of USD 100.30, highlighting some recovery but room for growth. The stock's dividend yield stands at 1.93%, while Pluang users show a majority buying interest at 61%.

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