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Apple Usurps U.S. Treasury on Maturities, Sells Bonds for $7bn 

Apple Usurps U.S. Treasury on Maturities, Sells Bonds for $7bn 

Apple Inc (AAPL.O) has sold 7 billion dollars of bonds between 103 basis points over the equivalent U.S. Treasury on maturities of up to 30 years. This is the first debt by the technology company since November 2017.

On Wednesday, September 4,  the company announced that it will be giving five batches of notes.  

The first is estimated to mature in 2022 and will help sponsor various needs like share repurchases, dividend payments, capital expenditures, acquisitions and repayment of debt.

On June 29, Apple’s security holdings cash and cash equivalents were valued at 50.53 billion dollars, as well as tens of billions more in securities holdings.

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The company also disclosed that the Aggregate net is valued from $6.96 billion dollars after taking off underwriting discounts and Apple’s offering expense.

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