Apple sells $5.25 billion in five-part dollar bond sale

Apple issued $5.25bn of bonds in a five-part sale as it looks to raise cash ahead of key inflation readings this week, and partly due to its confidence in expanding cash flow. The longest part of the deal, a 30-year bond, will yield 108 basis points over comparable Treasuries, less than the roughly 135 basis points than had been initially discussed. Proceeds will be used for general corporate purposes. The company’s bond sale was its first since it sold $5.5bn to fund buybacks and dividends in August. T-Mobile and Merck & Co. also brought $3.5bn and $6bn in bonds, respectively.