Apple: first bond issue since 2023

Published: 2025-05-05 10:56:20 ET AAPL

Published on 05/05/2025 at 10:56

Apple announced on Monday the launch of a four-tranche bond issue, a move that the US tech giant had not made since 2023.According to a financial notice filed with the SEC, Wall Street's watchdog, Apple plans to issue four fixed-rate tranches with maturities set for 2028, 2030, 2032, and 2035.The Apple company, which has cash and cash equivalent of nearly $30bn, says it is proceeding with this issue to finance cash returns to shareholders in the form of share buybacks and dividend payments.The group says the transaction, the amount and terms of which are still to be determined, is also intended to finance acquisitions and debt repayments.Investment banks Goldman Sachs, Barclays, BofA Securities and JPMorgan have been appointed to manage the order book.Apple's return to the bond market comes two years after its last issuance of five bonds maturing in 2026, 2028, 2030, 2033, and 2053 at rates ranging from 4% to 4.85% for a total amount of $4.25bn.On the New York Stock Exchange, Apple shares were down more than 3% on Monday morning in the wake of the announcement.Copyright (c) 2025 CercleFinance.com. All rights reserved.