Apple Is Planning Another Big Bond Sale
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Apple Inc. is planning to sell bonds in the iPhone maker’s fourth multi-billion dollar offering since 2013 as it borrows to return capital to shareholders while preserving its cash holdings abroad.
The company will issue the securities in as many as seven parts today, with the longest-dated bonds maturing in 30 years, according to a person with knowledge of the offering. Proceeds will back stock repurchases, capital expenditures, acquisitions and debt repayment, said the person, who asked not to be identified because of a lack of authorization to speak publicly.