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Apple Plans Six-Part Bond Sale

Companys first offering since 1996 could total as much as $20 bln, trader says.

By Charles Mead and Sarika Gangar, Bloomberg | Updated on April 30, 2013

Apple Inc., the iPhone maker seeking to help finance a $100 billion capital reward for shareholders with borrowed money, may sell its first bonds in almost two decades as soon as today with a six-part offering.

The company intends to issue debt that includes floating-rate notes maturing in 2016 and 2018 and fixed-rate securities due in 2016, 2018, 2023 and 2043, Apple said today in a regulatory filing. Proceeds may help Cupertino, California-based Apple avoid so-called repatriation taxes on its $102.3 billion of funds held overseas as it returns an additional $55 billion to shareholders through 2015 to compensate for a stock that’s been hammered by signs of slowing growth.

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