Apple Inc. (AAPL, Financial) plans to launch investment-grade bonds, the first issuance in two years. The company is seeking to issue up to four tranches, with the longest being a 10-year bond priced 0.7 percentage points above U.S. Treasuries.
This bond issuance comes as part of a broader trend, with bankers expecting $35 billion to $40 billion in new debt offerings this week, primarily from industrial and tech companies like Apple. Leading financial institutions such as Barclays, Bank of America, Goldman Sachs, and JPMorgan are managing Apple’s bond issuance.