Apple Sells $14 Billion of Bonds as Share Buybacks Seen Rising
- Tech giant issued debt in six parts, including 40-year bonds
- Company may make record shareholder payouts this year, BI says
Photographer: Michael Nagle/Bloomberg
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Apple Inc. sold $14 billion of bonds to take advantage of cheap borrowing costs, tapping the market for a third time since May as it looks to return more cash to shareholders.
The company issued debt in six parts. The longest portion of the offering, a 40-year security, will yield 95 basis points above Treasuries, after initially discussing between 115 and 120 basis points, according to a person with knowledge of the matter, who asked not to be identified as the details are private.