Apple Inc. announced Thursday it sold $ 7 billion of bonds with yields of up to 103 basis points over the US Treasury equivalent with ma...

Apple places $ 7 billion in exchange for the bond market



Apple Inc. announced Thursday it sold $ 7 billion of bonds with yields of up to 103 basis points over the US Treasury equivalent with maturities of up to 30 years, its first issue of debt since November 2017 .

The company announced on Wednesday that it is offering five sets of promissory notes, the first of which will expire in 2022, to meet a range of needs including share repurchases, dividend payments, capital expenditures, acquisitions and repayment of the debt.

Apple had $ 50.53 billion in cash on June 29, and tens of billions more in securities.

The total net proceeds from the sale will be approximately $ 6.96 billion, net of subscription rebates and costs of Apple's offerings, the company said.

0 coment�rios: