Apple has filed a preliminary prospectus with the SEC outlining plans to issue seven series of bonds worth approximately $7 billion. The company's bond sale is attracting four times the demand of other major tech firms like Meta ($15 billion), Alphabet (€6 billion), and Microsoft ($25 billion). Bloomberg reported that investor orders have already totaled around $31 billion.
Apple intends to use the proceeds for general corporate purposes including stock buybacks, dividends, acquisitions, and debt repayment. The bonds will mature between 2028 and 2036. This move comes amid a tech sell-off where the Nasdaq 100 plunged over 6% and Nvidia shares fell about 8%.
Apple's stock is down 1.49% at publication, outperforming peers who are more closely tied to AI spending. The company is expected to finalize the bond size and pricing soon, possibly later today.
Source: 9to5Mac · Summarized by HeadlinesBriefing