Apple borrows on the cheap to fund buybacks, dividends

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NEW YORK (Reuters) – Apple Inc (AAPL.O) on Monday capitalized on the Federal Reserve’s emergency measures in response to the coronavirus outbreak to issue its cheapest bonds in years, making it the latest blue-chip company to do so to fund stock buybacks and dividends.

FILE PHOTO: FILE PHOTO – The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo

Apple’s offering illustrates how companies with the best credit ratings are boosting shareholder returns by tapping cheap debt made available through

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Honeywell borrows further $1.5 billion

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FILE PHOTO – A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse

(Reuters) – Honeywell International Inc (HON.N) said on Friday it had entered into a $1.5 billion loan agreement to be used for general corporate purposes.

The 364-day Credit Agreement was signed with Citibank (C.N) and JPMorgan Chase (JPM.N), Honeywell said in a filing, adding that the loan does not does not restrict its ability to pay dividend.

The agreement comes after the industrial conglomerate entered

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Kroger posts 30% jump in March comparable sales, borrows $1 billion

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(Reuters) – Kroger Co’s (KR.N) comparable sales surged about 30% in March as consumers stockpiled due to the coronavirus pandemic, and the grocer said it had borrowed $1 billion to boost its cash reserve as it prepared for any fallout from the health crisis.

FILE PHOTO: The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. REUTERS/Lisa Baertlein

The Cincinnati, Ohio-based company’s shares rose about 5% after the supermarket chain also maintained its forecast for the year, especially when most of its rivals have scrapped their estimates due to the virus-related uncertainty.

Kroger, however,

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Kroger comparable sales surge 30% in March, borrows $1 billion

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FILE PHOTO: The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. REUTERS/Lisa Baertlein

(Reuters) – Kroger Co’s (KR.N) comparable sales surged about 30% in March as consumers cleared off shelves in preparation for a lockdown due to the coronavirus pandemic and had borrowed $1 billion to boost liquidity, the grocer said on Wednesday.

The supermarket chain also maintained its forecast for the year, despite the boost in sales and said it was being conservative about expectations citing a fluid environment caused by the outbreak.

Several retailers have withdrawn their projections due to the

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