A￼pple 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.