(Reuters) - Apple Inc said on Thursday it had sold $7 billion (£6 billion) of bonds at yields ranging up to 103 basis points over the equivalent U.S. Treasury on maturities of up to 30 years, its first such debt issues since November 2017.
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The company had said on Wednesday it was offering the five sets of notes, the first of which matures in 2022, to fund a range of needs including share repurchases, dividend payments, capital expenditures, acquisitions and repayment of debt.
Apple had cash and cash equivalents worth $50.53 billion, as of June 29 as well as tens of billions more in securities holdings.
Aggregate net proceeds from the sale will be about $6.96 billion after deducting underwriting discounts and Apple's offering expense, the company said.
(Reporting by Munsif Vengattil in Bengaluru; editing by Patrick Graham)
