Apple in $12bn bond issue to finance share buybacks

Fifth return to bond market

Anna Fedorova
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Apple in $12bn bond issue to finance share buybacks

Apple has returned to the bond market to issue an estimated $12bn worth of corporate debt to finance share buybacks.

The firm is taking the step despite a $215bn cash reserve on its books, in an effort to return money to shareholders without resorting to its estimated $177bn held overseas at a lower tax rate. The...

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