On November 6, foreign media reported, citing people familiar with the matter, that Apple (AAPL.O) issued approximately $7 billion in investment-grade bonds and attracted about $31 billion in orders—an oversubscription of more than four times—effectively lowering its financing costs. The issuance was split into seven tranches, with the longest-dated bond maturing in 2036 priced to yield 55 basis points above U.S. Treasuries, a financing spread narrower than that of recent comparable bonds from Microsoft, Meta, and Oracle. Apple holds an AA+ credit rating from S&P, and its last bond issuance was in May 2025. Proceeds will be used for general corporate purposes, including share buybacks. The report noted that at a time when large tech companies are densely issuing AI-related debt and investors are questioning the returns on AI infrastructure spending, Apple has taken a lighter role in large-scale AI infrastructure investment and focused instead on consumer products and shareholder returns—attracting investors looking to avoid AI debt risk. During the issuance period, U.S. stocks suffered a selloff, and the cost of default protection on investment-grade bonds briefly rose 5.1%.