April 30, 2013 at 13:00 PM EDT
Apple Has a Hit on its Hands; Pitney Bowes Feels the Wrath of Dividend Investors
Apple's bond offering, supposed to price tonight, is already generating orders of roughly $50 billion. Not clear how much they will issue, but if we assume roughly $15 billion, the bid-to-cover would be 3.3 to 1, which is outstanding for a corporate bond.
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