Remains of the Day: Bond. Financial bond.
Some day, when people ask Apple why it offered up a multi-billion dollar bond, it’ll tell people it was young and needed the money. Of course, if you believe one competitor’s CEO, that’s because Cupertino’s tablet business is going belly up sooner rather than later. And it’s time for the latest edition of “I’m a Celebrity, Get Me Out of Sponsored Tweeting!” The remainders for Tuesday, April 30, 2013 have a nasty habit of surviving.
Apple wows market with record $17 billion bond deal (Reuters)
Apple’s making the largest non-bank bond deal in history, putting up $17 billion for sale in order to fuel its ambitious share repurchase plan. To all of us non-financial types, this is the most interesting bond-related story since Skyfall came out.
Apple and Samsung set to battle over damages this November (The Verge)
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