Reported about 8 hours ago
Apple Inc. is set to sell corporate bonds on Monday, marking its first debt offering since May 2023. The tech giant plans to issue investment-grade debt in several parts, with initial pricing discussions indicating a 10-year note at 0.7 percentage points over Treasuries. This move comes amid expectations of significant bond issuance in the US market, primarily from industrial and technology firms. Apple’s current long-term debt stands at approximately $92 billion, down from $113 billion a year prior, and the new bonds are anticipated to receive high credit ratings.
Source: YAHOO