Apple Plans $5 Billion Bond Sale; Fourth Since 2013
An Apple store on Jan. 23, 2015 in Hangzhou, Zhejiang province of China.
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Apple Inc. sold $6.5 billion in bonds, after boosting the deal by 30 percent, in the iPhone maker’s fourth major debt offering in the past two years as it preserves its overseas cash hoard.
The company sold the securities in five parts, with the longest portion maturing in 30 years, according to data compiled by Bloomberg. The deal will be used for stock repurchases, dividend payments and debt repayments, according to a person with knowledge of the matter.