“Apple borrows $8.5 billion, joins record corporate debt borrowing spree”
May 6, 2020
“The iPhone maker on Monday borrowed $8.5 billion with a four-part bond deal, adding its name to the roster of U.S. investment-grade companies borrowing a record amount of debt in the corporate bond market during the pandemic…
The Apple bonds come amid a record deluge of investment-grade supply over the past two months as companies have raced to stockpile cash during the coronavirus pandemic, which has forced stores to close, schools to shutter and the loss of millions of jobs in the U.S…”