Apple Sells $7 Billion of Debt in First Bond Sale Since 2017
- Tech giant joins Tuesday’s flood of investment-grade issuers
- Company hadn’t borrowed since tax overhaul took effect
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Apple Inc. borrowed $7 billion in its first bond sale in nearly two years, as cheap funding costs tempt even companies flush with cash.
The tech giant joined a slew of companies that rushed to borrow in investment-grade debt markets after the Labor Day holiday, taking advantage of yields near all-time lows. Tuesday saw a record 21 bond sales totaling almost $27 billion, led by Walt Disney Co. More than a dozen companies priced deals Wednesday.