Apple Seeks Up to $7 Billion in Seven-Tranche Bond Offering

Apple Inc. is marketing a seven-part U.S. dollar bond offering aiming to raise up to $7 billion for general corporate purposes, including share buybacks and dividends. The transaction features floating-rate notes due in 2028 and 2029 alongside fixed-rate tranches maturing between 2028 and 2036. Initial price guidance on the fixed-rate debt ranges from 45 to 80 basis points over U.S. Treasuries. Bank of America, Deutsche Bank, Goldman Sachs, and J.P. Morgan are managing the sale. Apple shares gained 1.2% in early trading following the announcement.