Apple issues $6.5B bond to fund buyback, acquisitions

Apple is taking advantage of historically low interest rates with a $6.5 billion bond sale that will go toward corporate initiatives like stock buybacks, payment of dividends and acquisitions.Announced in a filing with the U.S. Securities and Exchange Commission, the $6.5 billion bond is broken into four parts set to mature between 2028 and 2061. Read more…
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