Apple plans to sell as much as $6.5 billion in bonds

Feb 2, 2015 3:11 PM by News Staff

NEW YORK (AP) - Apple is planning another large bond sale at a time when investors are paying near record premiums for high-quality bonds.

The technology giant will sell a combination of bonds with maturities ranging from five years to 30 years. The company was originally trying to sell $5 billion in bonds, according to traders, but investor demand has been strong and Apple's offering might go as high as $6.5 billion.

The sale is not one of the largest bond offerings from Apple.

Apple sold roughly $17 billion in bonds in 2013, which at the time was the largest bond sale ever by a U.S. company. A year later, Apple sold $12 billion in bonds.

The company has used the proceeds previously to pay investors dividends and increase its share buybacks.

Copyright 2015 The Associated Press. All rights reserved.


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