Apple Inc announces six-part US dollar bond sale

Proceeds are slated for general corporate purposes, including stock buybacks and dividend payments.

|Last Updated: Nov 06, 2017, 07:04 PM IST|Source: Reuters

New York: Apple Inc has announced a six-part US dollar bond sale ahead of expected pricing on Monday.

The tech giant, rated Aa1/AA+, is offering investors fixed-rate tranches with two, three, five, seven, 10 and 30-year tranches.

Proceeds are slated for general corporate purposes, including stock buybacks and dividend payments.

Bookrunners are Bank of America Merrill Lynch, JP Morgan and Goldman Sachs.