Apple borrowed $17 billion on Tuesday. This is the the first time in some two decades the company borrowed money.
“Apple issued six different securities, with maturities ranging from a three-year note yielding 0.45 percent to a 30-year bond that yields 3.85 percent. The largest piece, a $5.5 billion issue, is a 10-year yielding 2.4 percent,” reports Peter Lattman and Peter Eavis of the New York Times.
Goldman Sachs and Deutsche Bank reportedly led the sale of the issuance.