Apple borrowed $14B though a new bond issue with terms of up to 40 years. The company said only that the money will be used for “general corporate purpose,” but it’s believed the bulk of it will be used to allow the company to buy back more of its own stock and to pay higher dividends.
Although a cash-rich company, Apple still borrows money for a couple of reasons …
The post Apple borrowed $14B through bond issue to fund stock buybacks and dividends appeared first on 9to5Mac.
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