Apple Raises $3.5 Billion in Bond Market to Reward Shareholders
This article is for subscribers only.
Apple Inc. sold $3.5 billion of bonds one month after issuing $12 billion of debt as the iPhone-maker takes advantage of low interest rates to seek more cash for its shareholders.
The company issued the securities by reopening three notes it sold in February, according to a regulatory filing on Thursday. Proceeds will also be used for working capital, acquisitions and debt repayments.