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Apple to borrow more money, debt at $53 billion

Staff writer |
Apple filed with the Securities and Exchange Commission (SEC) plans to sell a series of bonds maturing as soon as 2018 and as far as 2046.

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By borrowing Apple gets cash to pay dividends and buy back shares of stock without touching its billions stored overseas back to the U.S., which could trigger a tax event. The company is also taking advantage of a recent rally in bonds triggered by global uncertainty that results in lower interest rates.

Apple now has $53 billion in long-term debt.

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