Apple Sells $6.5 Billion of Bonds, Adding Cash for Buybacks
- Proceeds to be used for stock repurchases, dividend payments
- Tech giant has been an active bond issuer since 2020
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Apple Inc. tapped the U.S. investment-grade bond market on Thursday with a $6.5 billion sale in four parts as the tech giant increasingly looks to return cash to shareholders.
The longest portion of the offering, a 40-year security, will yield 0.92 percentage points above Treasuries, according to a person familiar with the matter, who asked not to be identified as the details are private. Initial price discussions were in the 1.15 percentage points range.