Live news: Apple launches bond sale as companies race to sell debt ahead of CPI

© Reuters

Apple announced a five-part bond offering, continuing what is shaping up as a busy month for investment grade corporate debt issuance.

The company’s filing on Monday to the Securities and Exchange Commission was preliminary, so did not contain details about the size of the offering or pricing. Those details are expected later today.

The notes will come due in 2026, 2028, 2030, 2033 and 2053.

The market for investment grade US dollar denominated bonds was active on Monday morning, with offerings from pharmaceutical company Merck and oil major Schlumberger, among others.

Analysts suggested that these companies were pushing into the market ahead of the US consumer inflation data report on Wednesday, which could affect pricing.

Facebook parent Meta raised $8.5bn in a five part sale on May 1.

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