Apple to Offer More Bonds

Features Reuters

Apple Inc. is selling bonds in five parts, building on a track record of recent blockbuster deals.

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Maturities are expected to range from five to 30 years, and bonds are being offered with both fixed and floating interest rates.

Deutsche Bank Securities and Goldman Sachs & Co. are leading the deal, and proceeds will be used to pay for share buybacks and dividends, according to a prospectus.

Apple in November issued its first-ever nondollar bonds, offering EUR2.8 billion in debt maturing in eight and 12 years. The offering followed up on a plan outlined last year to broaden the number of investors from whom Apple can borrow money.

Apple's previous bond offerings have tended to be very large, and come with relatively skinny yields for investors. It completed a $12 billion bond sale last April, following up on 2013's then record-breaking $17 billion sale, Dealogic data show.