Tags: apple | dollar | bond | sale

Apple Said to Plan Dollar Bond Sale for Capital-Return Program

Wednesday, 06 May 2015 10:24 AM

Apple Inc. is planning to sell bonds in the iPhone maker’s fourth multi-billion dollar offering since 2013 as it borrows to return capital to shareholders while preserving its cash holdings abroad.

The company will sell the securities in as many as seven parts, with the longest-dated bonds maturing in 30 years, according to a person with knowledge of the matter. Proceeds will back stock repurchases, capital expenditures, acquisitions and debt repayment, said the person, who asked not to be identified because of a lack of authorization to speak publicly.

Cupertino, California-based Apple has issued the equivalent of $40.35 billion of bonds since April 2013, when it sold $17 billion in what at the time was the biggest corporate-bond offering ever.

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Apple Inc. is planning to sell bonds in the iPhone maker's fourth multi-billion dollar offering since 2013 as it borrows to return capital to shareholders while preserving its cash holdings abroad.
apple, dollar, bond, sale
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2015-24-06
Wednesday, 06 May 2015 10:24 AM
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