Apple’s Massive Debt Offering Will Total $12B

 Apple will raise $12 billion in debt, paying a 0.77 percent premium over Treasuries on the component 10-year notes. The offering will contain seven parts, with maturities ranging from three years to 30. Apple's recently enlarged shareholder return program is not cheap. By raising a fresh $12 billion via bond issuance, Apple is not forced to bring home foreign cash reserves, a process that the… Read More