Apple offers more bonds to finance its $300 billion capital return program

Apple just started selling new bonds in order to finance a share buyback program and dividends for shareholders, as Bloomberg spotted in a filing. This is counterintuitive as Apple is sitting on a big pile of cash and probably doesn’t need to issue bonds. But most of the company’s cash is outside of the U.S. During Apple’s fourth-quarter earnings call, the company said that it had $268.9