1 May 2013

Apple seeking $US17b

12:34 pm on 1 May 2013

Apple is holding the biggest non-bank debt sale in history.

The company is asking investors for $US17 billion to help fund extra payouts to shareholders in the biggest ever bond issue by a non-banking company.

Despite the size of the loan being sought, Apple is unlikely to have problems finding investors willing to advance the money.

Last week the company reported its first drop in quarterly earnings in over a decade.

This follows a fall in the price of its stock has been falling since hitting an all time high of $US700 last September and has since been on a steady decline, dropping by about 40 percent.

The BBC reports shareholders are upset about the declining stock price and have been pressuring Apple to do something about it.