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Apple announces seven-part bond for buybacks, dividends

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Tech giant Apple, rated Aa1/AA+, announced a seven-tranche US dollar benchmark bond on Wednesday to finance the repurchase of stock and dividends.

[NEW YORK] Tech giant Apple, rated Aa1/AA+, announced a seven-tranche US dollar benchmark bond on Wednesday to finance the repurchase of stock and dividends.

Bookrunners JP Morgan, Bank of America Merrill Lynch and Goldman Sachs are expected to price the deal with maturities of two to 30 years later in the day.

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