Apple Inc. is about to join the ranks of the biggest U.S. corporate borrowers as the company starts marketing bonds in what it says may rival last April's then-record $17 billion offering.

Apple Inc. is marketing a seven-piece bond offering in the U.S. as the iPhone maker seeks a cheaper alternative to reward shareholders than overseas cash that's subject to repatriation taxes.

The company may sell notes as soon as today, according to a person with knowledge of the transaction. Apple plans to issue both floating- and fixed-rate notes with maturities of three and five years in addition to fixed-rate notes due in seven, 10 and 30 years, said the person, who asked not to be identified because terms aren't set.

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