Apple Sells $5.25 Billion in Five-Part Dollar Bond Sale
- Bond deal is slightly higher than initial $5 billion target
- Debt sale will be ‘very well received by the market’: Invesco
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Apple Inc. tapped the US blue-chip bond market Monday as a flood of borrowers raise cash ahead of key inflation readings later this week.
The Cupertino, California-based company sold bonds in a five-part, $5.25 billion deal which was originally targeted at about $5 billion, according to a person familiar with the matter. The longest portion, a 30-year bond, will yield 108 basis points over comparable Treasuries, less than the roughly 135 basis points initially discussed, said the person, who asked not to be identified because the discussions are private.