Investing.com - Apple (NASDAQ:AAPL) is planning its first ever Canadian bond offering, according to Bloomberg.
Apple plans to sell $1.96 billion of seven-year bonds in Canada to fund stock buybacks and dividends. This will be the first Canadian bond sale for apple and the largest single-tranche offering in Canada's Maple bond market.
Apple's shares closed Tuesday's session up 1% at $161.60.