Phil Schiller, Senior Vice President of Worldwide Marketing for Apple, speaks during an Apple media event in San Francisco, California on September 9, 2015. AFP PHOTO/JOSH EDELSON
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Apple Inc. is selling bonds in euros for the second time, extending a $53 billion debt binge since 2013, as it raises funds to buy back shares and locks in borrowing costs near record lows.The 1 billion euros of securities maturing in 2024 will pay 60 basis points after being initially offered at 70 basis points, according to the people.Euro-denominated corporate debt similarly rated to Apple, with an average maturity of eight years, is quoted at about 49 basis points more than benchmark rates, according to Bank of America Merrill Lynch indexes.When Apple held its first Eurobond sale on Nov. 4 premiums were 34 basis points for eight years and 53 basis points for 13 years.
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