Apple issues corporate bonds for first time since 2023

• Published On: 06 May 2025 at 05:28

Apple Inc. is planning to issue investment-grade bonds on Monday, according to a source familiar with the matter.

According to Bloomberg, Apple intends to issue investment-grade bonds in up to four tranches, with the longest, a 10-year note, estimated to be priced around 0.70 percentage points more than US Treasury notes.

The issue comes as bankers predict $35 billion to $40 billion in fresh high-grade corporate bond sales in the United States this week, with industrial and technology companies such as Apple likely driving the majority of activity.

According to a source familiar with the subject, Barclays Plc, Bank of America Corp., Goldman Sachs Group Inc., and JPMorgan Chase & Co. will manage Apple's newest bond sale.

Bloomberg data show that the corporation last issued debt in May 2023, raising $5.25 billion in five tranches, including a 30-year bond.

Apple's debt has reduced in recent years, despite growing borrowing prices.

As of the end of March, the corporation had around $92 billion in long-term debt, including sums due within a year—a decrease from $113 billion in the same period in 2022.

Apple's bonds, which are scheduled to be released on Monday, are expected to receive top-tier credit ratings—Aaa from Moody's and AA+ from S&P Global Ratings, the highest and second-highest ratings available.