Apple Seeks $7B in New Bond Sale
Apple is seeking about seven billion dollars from a new bond offering to fund its artificial intelligence expansion and for general corporate purposes. The multi-part debt offering includes both fixed and floating rate notes managed by major banks.
Insights:
Apple is seeking about $7 billion from a US-dollar bond offering to fund AI expansion, Bloomberg News reported on Wednesday afternoon. The iPhone maker joins other technology groups tapping debt markets. Apple did not immediately respond to a request for comment.
