NEW YORK – Apple Inc wowed the debt markets on Tuesday with the largest non-bank bond deal in history, offering a whopping US$17-billion for sale as the U.S. 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 in cash to holders of Apple shares.
[np_storybar title=”The Russian billionaire who made $1.4-billion on Facebook just bet big on Apple” link=”http://business.financialpost.com/2013/04/30/the-russian-billionaire-who-made-1-4-billion-on-facebook-just-bet-big-on-apple/?__lsa=9c7c-da08″]
Alisher Usmanov, the Russian billionaire who made a more than 10-fold return from his investment in Facebook Inc., said he recently spent about US$100-million buying Apple Inc. shares in anticipation they will rise.
“I believe in the future of this company even after Steve Jobs,” Usmanov, 59, said in an interview at Bloomberg’s Moscow offices, referring to Apple’s late…
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