AAPL · News · 20261106N

Outstanding Indebtedness

Apple Inc. · 2026-11-06 · Importance 26 · Surprise 24 · In source text

Apple priced $7.5 billion of notes in seven tranches, its first bond issuance since 2025, with settlement scheduled for November 9, 2026. Fixed-rate coupons range from 4.65% on notes due 2028 to 5.35% on $2 billion due 2036; $1.25 billion of notes due in 2028 and 2029 carry floating rates based on compounded SOFR. Proceeds are for general corporate purposes. Apple ended fiscal 2026 with $136.9 billion in cash and marketable securities and $78.7 billion of fixed-rate notes, and the report says its CFO no longer targets net cash neutrality.

Key facts

• According to 24/7 Wall St., Apple ended fiscal 2026 with $136.9 billion in cash and marketable securities against $78.7 billion of fixed-rate notes. source
• According to 24/7 Wall St., Apple’s CFO said Apple is no longer targeting net cash neutral. source
• Apple priced $7.5 billion of new notes in seven tranches, its first bond-market issuance since 2025. source
• Apple’s new notes included fixed-rate notes with coupons from 4.65% due 2028 to 5.35% on $2 billion due 2036, and $1.25 billion of floating-rate notes over compounded SOFR due in 2028 and 2029. source
• Apple’s bond deal is scheduled to settle November 9, and proceeds are for general corporate purposes. source

Impact estimates