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Apple Inc. (AAPL) Shocks Market With $17 Billion Bond Offering

Apple Inc. (NASDAQ:AAPL) issued $17.0 billion of bonds, the largest investment-grade corporate bond offering on record. The six-part offering includes two floating-rate notes worth $3 billion and four fixed-rate notes worth $14 billion, with maturities ranging from three to 30 years.

Apple Inc. (NASDAQ:AAPL) intends to use the net proceeds for general corporate purposes including the repurchase of common stock and dividend payments related to its $60 billion share repurchase authorization and 15% dividend increase announced on April 23.

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