Bloomberg reports that Apple has sold $1.96 billion in senior unsecured seven-year bonds in Canada. The funds will go towards stock buybacks and dividends.
The offering would serve as Apple’s first bond sale in Canada. It also would mark the largest of such deals from a foreign company.
This is Apple’s sixth bond offering this year. It issued $18 billion in three U.S. sale, sold $1 billion in Taiwan, and as well as euro-denominated notes.