Apple to sell bonds worth $5bn | BBC News

Technology giant Apple is expected to raise at least $5bn by issuing bonds on Monday.

Some of the funds raised will be used for Apple’s share buyback programme. The California-based company plans to return more than $130bn to shareholders by the end of this year.

The move comes despite the company sitting on a cash pile of $178bn.

Apple will raise less than half the $12bn generated in April 2014 when it was last active in the US bond market.

A year earlier it raised $17bn.

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