Apple on Monday capitalised on the Federal Reserve’s emergency measures in response to the coronavirus outbreak to issue its cheapest bonds in years, making it the latest blue-chip company to do so to fund stock buy-backs and dividends.Apple’s offering illustrates how companies with the best credit ratings are boosting shareholder returns by tapping cheap debt made available through the Fed’s backstopping of the credit markets. Apple shares are virtually flat year-to-date, compared with a 12…
from South China Morning Post https://bit.ly/35z0rIR
Tuesday, May 5, 2020
Apple capitalises on Fed’s emergency measures to issue cheapest bonds in years, funding buy-backs, dividends
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