Apple, Inc. Just Raised $5 Billion More in Debt
Less than a month after tapping the Canadian bond market for the first time, Apple (NASDAQ: AAPL) is back for more. The Mac maker just sold another $5 billion in debt to boost its domestic cash position further in order to fund its aggressive capital-return program. The latest offering of notes range in maturity from two years to 30 years.
This comes just days before the company is preparing to unveil its highly anticipated 10th-generation iPhone next week at its new Apple Park campus.
iPhone 7. Image source: Apple.
Source: Fool.com
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