Apple Launches Unprecedented Second Bond Offering To Fund Billions In Buyback: How Much Will The Fed Buy

Ten days after Google decided to signal its corporate virtue with the largest ever ESG bond issue to “fight racial inequality”, which was just another way of saying funding buybacks which will make the company’s ultra rich shareholders even richer, Apple – which at last check had just under $200 billion in cash (most of which however is still offshore) – announced it would also join the recent borrowing boom with its second major bond deal of the year.
Apple, which according to Bloomberg hasn’t…

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