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APR 30, 2013 - Business Insider

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Apple's Bond Offering Is Shaping Up To Be Gigantic — And The Demand From Investors Is Insane

Last week, when Apple reported earnings it said it was going to go into debt, and sell bonds. It's the first time the company is going into debt since 1996. The proceeds of the bonds will be used to fund dividends and stock buybacks. The company has tons of cash, as everyone knows, but it's parked overseas, and to repatriate it would cause the company a tax hit. So it makes sense to borrow for dividends and buybacks, rather than to use its existing cash. Anyway, the offering is going to be absolutely gigantic. Reports vary, but it seems likely that this will be the largest non-financial ... Read More

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