Apple launches biggest-ever non-bank bond deal at $17 bln

Tue Apr 30, 2013 1:46pm EDT

NEW YORK, April 30 (IFR) - Apple Inc on Tuesday launched the biggest-ever non-bank bond issue at $17 billion, as it gears up to fund a $100 billion capital program for shareholders.

The company is offering $1 billion of three-year floating-rate notes, $1.5 billion of three-year fixed-rate notes, $2 billion of five-year floating-rate notes, $4 billion of five-year fixed-rate notes, $5.5 billion of 10-year fixed-rate notes and $3 billion of 30-year fixed-rate notes, according to market sources.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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