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Apple is seeking to raise $7 billion in return to bond market: AN

FILE PHOTO: The logo of Apple company is to be seen outside of an Apple store, in Paris, France, on 10 April 2019 at the latest. REUTERS/Christian Hartmann

(Reuters) – Apple Inc is looking to raise $7 billion through the sale of bonds are set to price later on Wednesday, IFR reported the company’s first issue in November of 2017.

Regulatory filings of earlier in the day, the company would offer for the notes maturing in the next three to 30 years, and it will use the proceeds for the purchase of its own shares, dividend, investments, acquisitions and the repayment of the debt.

Bank of America-Merrill Lynch, Deutsche Bank and Goldman Sachs are acting as bookrunners on a senior unsecured deal.

Apple declined to comment.

Report by Ayanti Berra in Bengaluru; editing by Patrick Graham

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