Apple Completed 12-Billion-Dollar Offering. Should of Been 17 Billion
Apple didn't exactly release the mighty 17 billion dollars by back plan as they only.. released 12 billion for the share buy back.
Money raised from the offering will help finance the return of capital to Apple shareholders in the form of dividends as well as share buybacks.
Reports earlier this week had speculated that Apple would make available an offering of $17 billion that was based on Apple corporate controller Luca mastery saying on last week's earnings call that the company would pursue and offering similar to its last bond offering which was for 17 billion.
When the offering was completed on Tuesday though the Mac Observer says it ended up being for $12 billion not 70 TMO's Brian Chaffin thinks it's possible that Apple might make another offering later however to bring it closer to the $17 billion mark.
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