Apple Sells $5 Billion of Debt to Fund Share Buybacks, Dividends
- Launch event for new iPhone models scheduled for next week
- Company joins Home Depot, IBM on a busy day for issuance
Why Apple Is Returning to the Debt Market
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Apple Inc. sold bonds again to finance its current round of share buybacks and dividends.
The iPhone maker offered $5 billion of debt in four parts, after dropping a two-year floating rate component, according to a person with knowledge of the matter. The longest portion of the sale, a 30-year security, will yield 1.1 percentage points above Treasuries, down from initial talk of around 1.25 percentage points, said the person, who asked not to be identified because the deal is private.