Apple Inc. sold $14 billion of bonds to take advantage of cheap borrowing costs, tapping the market for a third time since May as it looks to return more cash to shareholders.

The company issued debt in six parts. The longest portion of the offering, a 40-year security, will yield 95 basis points (bps) above Treasuries, after initially discussing between 115 and 120 bps, according to a person with knowledge of the matter, who asked not to be identified as the details are private.

Until 2020, Apple hadn't borrowed in the U.S. investment-grade market more than once in a calendar year since 2017. But rock-bottom interest rates proved too tempting for the world's most valuable company to pass up as it pursues aggressive share buybacks and dividends.

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