The iPhone maker sold debt in nine parts. Microsoft Corp sold US$17bil of bonds earlier in the week, capping the busiest month for US investment-grade corporate issuance ever. Apple has become a bond market regular in recent years, selling debt at least annually since 2013. But with Congress yet to introduce legislation, companies are once again turning to the bond market, where rates remain near historic lows. Moody’s Investors Service rated the new Apple bonds Aa1, the second-highest rating.

Source: The Star February 03, 2017 21:56 UTC