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

1 year 10 months 4 days ago February 02, 2015 Feb 2, 2015 Monday, February 02 2015 February 02, 2015 2:10 PM in News
Source: Associated Press
By: Ken Sweet

NEW YORK - 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.

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