Apple seeks to raise $7 billion in return to bond market

By: |
Published: September 5, 2019 8:33:50 AM

Apple Inc is looking to raise $7 billion through a sale of bonds set to price later on Wednesday, IFR reported, the company's first such issue since November 2017.

Apple declined to comment.Apple declined to comment.

Apple Inc is looking to raise $7 billion through a sale of bonds set to price later on Wednesday, IFR reported, the company’s first such issue since November 2017.

Regulatory filings from earlier in the day showed the company would offer notes maturing over the next three to 30 years and would use the proceeds for share repurchases, dividend payment, capital expenditures, acquisitions and repayment of debt.

Bank of America Merrill Lynch, Deutsche Bank and Goldman Sachs are acting as bookrunners on the senior unsecured deal. Apple declined to comment.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.