Apple sets another new record: the world’s largest corporate debt sale

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The first stage of Apple’s plan to spend $100 billion in share buy-backs and increased dividends was completed yesterday as Apple sold $17 billion’s worth of corporate bonds – the world’s largest corporate debt sale.

Although Apple has a cash balance of $145b, much of this money is held in overseas subsidiaries, and Apple would have to pay tax¬†on it to bring it back to the USA. It is cheaper for it to borrow the money instead … Read more