Apple plans to raise about $7 billion through bond sale

First reported by Bloomberg at · Updated · 4 sources

Proceeds would help fund share buybacks in Apple's first investment-grade bond sale in more than a year, according to Bloomberg. The company filed a preliminary prospectus outlining seven bond series, 9to5Mac reported. Reuters said it could not independently verify the Bloomberg report and that Apple had not immediately responded to its request for comment.

  • Demand reached four times the planned sale amount, according to 9to5Mac.

Covered by 4 publishers within 11 hours of the first report.

Reporting4

Bloomberg Meta’s Euro Bonds Rise on First Day of Trading After Record Bids · Tasos Vossos
The Economic Times Apple seeks about $7 billion from bond sale: Bloomberg News
9to5Mac Report: Apple’s planned $7 billion bond sale attracts four times as much demand · Marcus Mendes
AppleInsider Apple is gearing up for a fresh $7 billion in bond sale · Andrew Orr

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Topics Apple