Apple issues $8B bond sale as debt market nears all-time low

Apple launched its latest debt offer to finance corporate operations such as share buybacks and dividends on Monday, with reports claiming the offer stands at $ 8 billion.


The debt agreement is Apple’s first bond offering since September 2019.

The tech giant Cupertino plans to issue notes maturing in 2023, 2025, 2030 and 2050, according to a preliminary prospectus submitted to the Securities and Exchange Commission. Goldman Sachs, Bank of America Securities, JPMorgan and Morgan Stanley are listed as underwriters under the debt agreement.

Citing a source in a financial institution, CNBC reports that Apple is seeking to sell $ 8 billion in debt while 10-year yields hover near a historic low of 0.637%.

Apple offers $ 2 billion 0.75% notes maturing in 3 years, $ 2.25 billion 1.125% notes maturing in 5 years, $ 1.75 billion 1.65% notes arriving maturing in 10 years and $ 2.5 billion 2.65% notes due in 30 years.

Apple, in its file, did not specify the amount it is trying to raise, but said the product would be used for general corporate purchases, including share buybacks, dividends, working capital , acquisitions and debt repayment.

The company last offered bonds in September 2019, also for general corporate purchases.

Apple shares were trading at $ 293.16 on Monday, up 1.41% on the day.

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