The Morning Brief: Apple Plans a Big Debt Offering, while Herbalife Scraps One

Hedge fund favorite Apple is planning to sell $17 billion in debt securities to help pay for its planned distributions to shareholders. The maker of the iPhone and iPad plans to issue $3 billion of floating-rate notes and $14 billion of fixed-rate securities in six parts, with maturities ranging from three years to 30 years, according to Bloomberg.

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