Apple prices first bond offering in 2 years

Quick Summary:

Apple sold $4.5 billion worth of bonds late on Monday, its first offering in two years, and said it plans to use proceeds to repurchase stock and repay outstanding debt.

The offering included $1.5 billion of three-year notes and $1 billion each of five, seven- and 10-year notes.

The average investment-grade bond spread was 106 basis points on Friday, the latest data shows, or three basis points below levels touched the day before.

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Category: EconomyBusiness

Markets: SingaporeBelgium

Topics: Billion Investment-grade Bonds Monday Offerings Issuance Bond Apple Trump Notes Debt

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 23:22:33 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 505 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 28419191

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