Report: Apple selling record amount in bonds
NEW YORK – Apple Inc. is selling $17 billion in bonds on Tuesday, according to a published report. That would make it the largest corporate bond issue ever. Apple is selling the bonds in its first debt issue since the 1990s. The company is raising the money to give to shareholders through dividend payments and stock buybacks. The Wall Street Journal has reported the total value of the issue, citing unnamed bond-market participants.