To give back to investors, Apple goes for massive bond deal
In an effort to return cash to investors, Apple is reaching out to the debt market and offering $17 billion in bonds, the biggest non-bank bond offering in history, according to a report by The Wall Street Journal.
The bond offering comes after Apple announced last week that its board of directors had approved a plan to return $100 billion to shareholders through the end of 2015. That plan adds $55 billion to a previously announced capital return program.
The Apple offering has been oversubscribed and has generated in excess of $50 billion in new orders, the WSJ report said Tuesday, citing sources.
Apple did not immediately return calls for comment.
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