Apple wows market with record $17 billion bond deal

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      Technology News

      A table of the iPod nano is seen at the Apple Store during Black Friday in San FranciscoBy John Balassi and Josie Cox NEW YORK/LONDON, April 30 (IFR) – Apple Inc wowed the debt markets on Tuesday with the largest non-bank bond deal in history, pricing a whopping $17 billion 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 $100 billion in cash to holders of Apple shares. …

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