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Big Demand For Apple Debt Funds Efficient Buyback Of Stock And Dividend Issuance

|Includes: Apple Inc. (AAPL)

Apple had 3X coverage for its $17 billion debt offering. The company is paying ultra-low yields of 2.42% on 10-year notes and 3.88% on 30-year bonds. This will fund $100 billion of stock buybacks and dividend issuance through 2015. -

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.