Apple (Nasdaq: AAPL) made history last month with the biggest corporate bond issue ever: $17 billion in six different maturities. That’s more than the GDP of the 29 smallest countries combined — and Apple did it by promising to pay just 1.4% a year in interest.#-ad_banner-# Everyone caught the news, but many overlooked the huge consequences it has for the… Read More
Apple (Nasdaq: AAPL) made history last month with the biggest corporate bond issue ever: $17 billion in six different maturities. That’s more than the GDP of the 29 smallest countries combined — and Apple did it by promising to pay just 1.4% a year in interest.#-ad_banner-# Everyone caught the news, but many overlooked the huge consequences it has for the market. This deal has the potential to push a lot of stocks higher and not just those tied to the Cupertino, Calif.-based giant. Apple will be using the debt to return $100 billion to shareholders through dividends and stock repurchases over the next two years. Evidently, the Street likes the plan, with big investors like David Einhorn buying more… Read More