Apple pays floating LIBOR +.25%

Receives 5% fixed from Tesla

Lets say current LIBOR is 3%

Next two years it is 5%, 7%

You are Apples bank, design an interest rate swap to hedge Apples interest rate exposure

Design 2 different swaps Apple Bonds

Also design two swaps for when Apple pays fixed 4% and receives LIBOR+2% from Tesla Current LIBOR is 4%. Next year it will be 6%, then 1%

https://www.sec.gov/Archives/edgar/data/320193/000119312513191849/d527270d424b2.htm