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Apple: New Debt Deal Priced On The Screws

Apple (NASDAQ:AAPL) sold $6.5 billion in bonds Monday, another sizable deal by the technology/retail stalwart. The deal, as with most of Apple's deals, is to raise cash to return to shareholders. As approximately $160 billion of the $180 billion in Apple's cash pile is held overseas, and thus incurs a penalty for repatriating, low-cost debt can help fund the company's $130 billion return of capital. As Apple is rated Aa1/AA+, there is not significant yield being…