Affiliate Disclosure
If you buy through our links, we may get a commission. Read our ethics policy.

Apple's latest bond sale more modest than earlier offerings, hits $7 billion

Following the initial notification of a new bond sale on Thursday, Apple has launched the offering and raised $7 billion in a six-part sale with due dates ranging to 2027.

Both Thursday's and Friday's filings indicate that the due dates will be spread over six periods with two floating rate notes due in 2020 and 2022, and four fixed rate due in 2020, 2022, 2024, and 2027. The amounts per offering are $500 million, $750 million, two worth $1 billion each, $1.75 billion, and $2 billion, respectively.

Joint managers continue to be Goldman Sachs & Co, J.P. Morgan, and Wells Fargo Securities. Amounts will be clarified in future updates to the document. Apple uses the sales to support further share buyback programs, and dividend offerings.

AppleInsider was the first to note the redacted offering on Thursday in a prospectus filed pursuant to federal regulations before the details were finalized.

During Apple's quarterly financial disclosures on Tuesday, Apple simultaneously announced plans to extend its capital return program by $50 billion and for another full year. Given the expansion, the stock buybacks should reach the $300 billion mark by March 2019.

The expansion noted a raised ceiling on stock buybacks, pushed from $175 billion in Q2 2016 to $210 billion for the current quarter. Quarterly dividends were increased to 10.5 percent, and a payout of $0.63 per share will be delivered on May 18 to people owning shares by the end of the trading day on May 15.