“Strong appetite for Apple Inc. debt helped shares rally on Tuesday as the iPhone maker priced a $17 billion bond offering that is the largest on record for a U.S. nonfinancial corporate issuer,” Sue Chang and Saumya Vaishampayan report for MarketWatch.
“Shares of Apple climbed 2.9% to close at $442.78, extending their winning streak to a fourth day,” Chang and Vaishampayan report. “Apple is offering $17 billion in bonds to finance its $100 billion capital return to shareholders. The deal is in six parts with maturities spread out between three to 30 years. Apple priced the bonds at spreads ranging from 20 basis points to 100 basis points over corresponding Treasury notes.”
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