May

Apple Buys More Company Debt Than World’s Biggest Bond Funds

Company invests $148 billion of cash pile in corporate bonds
‘Difficult for us to speculate’ on repatriation, CFO says

If Apple Inc. were a bond fund, it would dwarf the competition.

The iPhone-maker has $148 billion of its record $257 billion cash pile invested in corporate debt alone, according to a company filing from Wednesday. That’s enough to buy all the assets in the world’s largest fixed-income mutual fund, the Vanguard Total Bond Market Index Fund, which has about $145 billion of assets including company, government and mortgage bonds…

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Apple Buys More Company Debt Than World’s Biggest Bond Funds

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