Apple looks to issue debt for the first time since 2023

Apple is planning to issue debt via investment-grade bonds on Monday, Bloomberg News reports citing “a person familiar with the matter. It is Apple’s first time selling corporate bonds in two years.:
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The iPhone maker is looking to issue debt in as many as four parts, with initial price discussions for the deal’s longest portion, a 10-year note, in the area of 0.7 percentage point above Treasuries, said the person.
The deal comes in a week where bankers are expecting to see $35 billion to $40 billion in new issuance, with industrial and technology firms like Apple potentially accounting for the bulk of sales.
Barclays Plc, Bank of America Corp., Goldman Sachs Group Inc., and JPMorgan Chase & Co. are managing Apple’s bond sale, which is expected on Monday, the person said, asking not to be identified as the details are private.

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MacDailyNews Take: iBonds!

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