Apple raises $7.5 billion from bond sale, term sheet seen by Reuters shows

Nov 5 (Reuters) – Apple (AAPL.O), opens new tab is raising about $7.5 billion from a seven-part US-dollar bond offering, a term sheet seen by Reuters showed on Thursday, adding to ‌a growing number of tech firms tapping debt markets to fund the AI boom.

The iPhone maker is the latest major tech company to tap debt markets as the sector raises large sums to fund data centers, computing capacity and cloud ⁠expansion, despite historically relying on strong cash balances to fund growth.

The offering comprises two floating-rate notes due in 2028 and 2029 of $500 million and $750 million, respectively, the document showed.

It also includes three fixed-rate notes of $1 billion due in 2026, 2029 and 2031, carrying coupons of 4.65%, 4.75% and 4.90%, respectively.

Another $1.25 billion of notes is due in 2033 at a coupon of 5.10%, and $2 billion due ‌in ⁠2036 at 5.35%.

Apple did not immediately respond to a Reuters request for comment.

The company last raised money through bonds in May 2025, when it sold $4.5 billion of debt in a four-part deal. That sale attracted $10 billion ⁠in orders.

Bloomberg News had reported on the bond sale earlier in the day and said Goldman Sachs (GS.N), opens new tab, Bank of America Securities (BAC.N), opens new tab, Deutsche Bank Securities (DBKGn.DE), opens new tab and JPMorgan (JPM.N), opens new tab ⁠were the joint book-running managers for the offering.

Goldman Sachs, Bank of America and Deutsche Bank declined to comment on the size ⁠of the offering, while JPMorgan did not immediately respond to a Reuters request for comment.