Apple has sold US$14 billion of bonds to take advantage of cheap borrowing cost and tapping the market for the third time since May as it looks to return more cash to investors, reports Bloomberg.
The tech giant issued the debt in six parts. The longest portion, a 40-year security, will yield 95 basis points above Treasuries, after initially discussing between 115 and 120 basis points, the article adds.
The latest bond sale is the third time Apple has done this since May 2020. At that time, the tech giant issued bond sales of $8 billion and another $5.5 billion bond sale in August 2020.