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Title: To give back to investors, Apple goes for massive bond deal Post by: HCK on May 01, 2013, 07:01:07 am 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. To read this article in full or to leave a comment, please click here http://www.macworld.com/article/2036920/to-give-back-to-investors-apple-goes-for-massive-bond-deal.html#tk.rss_all |