bond sale

Apple Sells $12 Billion of Bonds to Fund Stock Buyback Program

Investors rushed to place orders for Apple’s $12 billion, seven-part bond sale, which is aimed at funding the extended stock buyback program. Cupertino, Calif.-based Apple sold $12 billion of debt of varying maturities at interest rates that were mostly less than a percentage point above comparable U.S. Treasury debt, highlighting widespread faith in the iPhone maker's...