Apple (AAPL) Euro-Denomiated Bond Offering Expected to Price Today

Apple (Nasdaq: AAPL) is tapping the European bond market once again, this time with two tranches.

The WSJ said that guidance for the Apple euro-denominated bonds calls for an annual interest rate at 1.40 to 1.45 percent for a bond maturing January 2024 and 2.05 to 2.10 percent for bond maturing in September 2027.

Pricing is expected later Thursday.

Apple is looking to raise €1.5 to €2.0 billion split between the two offerings. Demand is said to be around €4.5 billion.

Dividend payouts and stock buybacks will be amongst other things that Apple will do with the proceeds.

Shares of Apple are indicated lower Thursday.

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