Apple looks to raise $17B in bond sale

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple (AAPL) is making preparations to raise $17B in international and domestic bonds in order to help finance its stock-repurchase program, which the company has raised to $90B from $60B.

Apple has a cash pile of $150B, but $130B is held overseas, and repatriating it would incur a tax rate of 35%.

A debt sale would add to the $17B that Apple raised a year ago, when demand topped $50B.