Apple plans four-part bond sale to fund stock buybacks

Apple is preparing a four-part bond sale to fund stock buybacks and the payment of dividends to investors, the company said in a filing with the Securities and Exchange Commission.

Sabrina Escobar for Barron’s:

The bond maturities range from seven to 40 years. Apple didn’t disclose how much money it is raising or what interest rates it will pay.
Shares of Apple were down 1% in premarket trading on Monday.
The credit-rating company Moody’s upgraded Apple’s long-term rating to Aaa in December. This is Moody’s highest rating, awarded only to companies with the lowest level of credit risk.

MacDailyNews Note: In April, Apple’s board of directors authorized an increase of $90 billion to the existing share repurchase program.
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