Report: Apple’s planned $7 billion bond sale attracts four times as much demand

Apple has announced plans to issue $7 billion in bonds, attracting four times the anticipated investor demand. The tech giant filed a preliminary prospectus with the SEC, detailing seven series of bonds set to mature between 2028 and 2036. While other major tech companies have raised billions to support AI infrastructure investments, Apple's filing remains relatively vague, stating that the proceeds will be utilized for general corporate purposes, including stock buybacks, dividends, acquisitions, and debt repayment.

Investor demand for Apple's bonds has been robust, with orders amounting to around $31 billion. This strong appetite has enabled Apple to secure more favorable borrowing terms than its competitors, such as Meta, Alphabet, and Microsoft. Despite a recent tech sell-off causing the Nasdaq 100 to drop more than 6% and the S&P 500 to fall nearly 4%, Apple's stock has held up relatively well, falling only 1.49%.

The company is expected to finalize the specifics of the bond offering soon, potentially as early as later today.