Apple is on Buybacks

Apple tapped the US high-grade bond market Monday with a $5.5 billion sale in four parts. The longest portion of the offering, a 40-year security, yields 118 basis points over US Treasuries, down from initial price discussions in the 150 basis points range, according to people familiar with the deal. The order book for the sale peaked at more than $23 billion.

Source: Wall Street Journal