Apple is borrowing in the bond market for the first time since U.S. tax reform

It's the first time Apple has borrowed through the bond market since U.S. tax reform took affect in early 2018.

Apple plans to borrow in the bond market for the first time since November 2017, according to a prospectus filed on Wednesday.

Apple had $210.6 billion in cash on hand as of the company's last earnings report and wants to become net-cash-neutral over time.

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