Apple is planning to issue dollar-denominated bonds in six-tranche deal

Apple Inc.
AAPL,
+0.05%

has filed a preliminary prospectus for a six-tranche bond deal, underwritten by Goldman Sachs, JP Morgan and Morgan Stanley. The company did not specify deal size, but said it will offer dollar-denominated five-year, seven-year, 10-year, 20-year, 30-year and 40-year bonds. The iPhone maker has regularly tapped credit markets to finance its shareholder return program. Shares were up 1.5% and have gained 73% in the last 12 months, while the Dow Jones Industrial Average
DJIA,
+0.39%

has gained 6%.

Source link

The post Apple is planning to issue dollar-denominated bonds in six-tranche deal appeared first on TechFans.