Apple Inc. filed Tuesday for the sale of 30-year bonds in Taiwan, to be denominated in U.S. dollars. Taiwan is where a number of Apple suppliers, including Foxconn Technology Co. Ltd. , are headquartered. Apple’s stock rose 0.8% in morning trade. It was still down 5.5% year to date, while the Dow Jones Industrial Average has gained 3.2%. Apple sold the bonds, with a yield of 4.15%, to raise between $1 billion and $1.2 billion, according to a Reuters report, which citing people familiar with the deal.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News