Based on a new report, the iPhone maker is about to set a U.S. corporate financial record in the billions.
Apple's capital return investment program continues to move front and center into the spotlight with a new financial deal that could land in the record books.
The Cupertino, Calif.-based company is said to be planning to finance its $100 billion promised return to investors by selling $17 billion of bonds, according to Bloomberg.
If it goes through, it is expected to be the largest U.S. corporate offering in history.
Apple is issuing $3 billion of floating-rate notes and $14 billion of fixed-rate securities in six parts with maturities from three to 30 years, according to a person familiar with the offering. Proceeds may help the company avoid repatriation taxes on its $102.3 billion of funds held overseas as Chief Executive Officer Tim Cook returns an additional $55 billion to shareholders through 2015 to compensate for a stock that’s been hammered by signs of slowing growth.
To recall, in conjunction with the second quarter earnings statement last week , Apple announced it would be doubling its stock buyback program for investors.
That equates to a $55 billion increase from was previously announced, translating to an average rate of $30 billion per year between August 2012 through December 2015.
Cook had added in prepared remarks that Apple is "very fortunate to be in a position to more than double the size of the capital return program we announced last year."
Apple reportedly started taking steps on that path to its now $100 billion capital return program, including filing paperwork with the U.S. Securities and Exchange Commission as well as initiating talks led by Deutsche Bank and Goldman Sachs.