Apple is allegedly preparing to sell corporate bonds, in a sale that could raise billions in cash and finance a $100 billion share buyback plan.
The sale of corporate bonds can be a way for a large company to quickly raise cash. On Monday, it seems that the iPhone maker is planning to do just that.
According to a person familiar with the plans speaking to Bloomberg, Apple is preparing to make a sale of “Investment-grade bonds” later in the day. This would mark the first time of Apple selling corporate bonds since 2023.
Read more at AppleInsider.com