Apple Plans Dollar Bond Sale for Capital-Return Plan
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Apple Inc. sold $12 billion of bonds to return capital to shareholders in the second-largest U.S. corporate debt offering this year.
The iPhone maker sold the securities in nine parts, with the longest-dated bonds maturing in 30 years, according to data compiled by Bloomberg. Proceeds will also go toward general corporate purposes, including acquisitions and repayment of debt, according to a person familiar with the matter who asked not to be identified because they aren’t authorized to speak on the issue.