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Home >Companies >News >Apple kicks off US coporate high-grade bond sale in four parts

Apple Inc. is tapping the U.S. investment-grade bond market with a new sale in as many as four parts, according to a person familiar with the matter.

The longest portion of the offering, a 40-year security, may yield 1.15 percentage points above Treasuries, said the person, who asked not to be identified as the details are private.

Proceeds from the sale are set to be used for general corporate purposes, including share repurchases, dividend payments, funding for capital expenditures and acquisitions. S&P Global Ratings assigned a AA rating to the proposed bonds.

Barclays Plc, Goldman Sachs Group Inc. and Bank of America Corp. are managing the sale, the person said.

This story has been published from a wire agency feed without modifications to the text.

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