Apple wows market with record US$17b deal

Apple stunned the debt markets with the largest non-bank bond deal in history, pricing a whopping US$17 billion (HK$131.9 billion) as the US computer giant switches strategy to placate restless shareholders.

Just a week after announcing its first drop in quarterly earnings in a decade, Apple came to market with the massive deal to raise funds for an ambitious program that will return US$100 billion (HK$776.1 billion) in cash to holders of Apple shares.

via Business feed http://www.scmp.com/business/companies/article/1227361/apple-wows-market-record-us17b-deal