Apple sold about $7bln of investment-grade bonds, attracting roughly $31bln of orders—more than four times the deal—and reduced its funding cost. The offering comprised seven tranches; the longest, maturing in 2036, priced at about 55bp over US Treasuries, tighter than recent similar deals from Microsoft, Meta and Oracle. Apple is rated S&P AA+ and last issued bonds in May 2025. Proceeds will be used for general corporate purposes including share buybacks. The deal appealed to investors seeking

Apple sold about $7bln of investment-grade bonds, attracting roughly $31bln of orders—more than four times the deal—and reduced its funding cost. The offering comprised seven tranches; the longest, maturing in 2036, priced at about 55bp over US Treasuries, tighter than recent similar deals from Microsoft, Meta and Oracle. Apple is rated S&P AA+ and last issued bonds in May 2025. Proceeds will be used for general corporate purposes including share buybacks. The deal appealed to investors seeking to avoid AI-infrastructure debt risk as several large tech issuers have been raising debt for AI projects. During the offering US equities sold off and the cost of investment-grade default protection rose as much as 5.1%.