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Apple Raises $7 Billion in Bond Market to Finance Share Buybacks

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Apple Inc. sold $7 billion in bonds in its third undertaking this year to add debt for shareholder rewards.

The offering was embraced by investors, allowing the iPhone maker to lower yields on the proposed securities that will also be used for working capital, acquisitions and debt repayments, according to a person with knowledge of the deal, who asked not to be identified because the information isn’t public.