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Floating Rate Bonds

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Apple finalizes $7.5 billion bond offering across seven maturities

Apple has filed final terms with the SEC for a $7.5 billion bond sale, slightly larger than the $7 billion initially reported, after investor demand reportedly topped $30 billion. The offering spans seven series maturing between 2028 and 2036, including two floating-rate tranches and five fixed-rate tranches with interest rates ranging from 4.65% to 5.35%. Apple expects roughly $7.47 billion in net proceeds after fees.