“Apple is preparing a new bond sale in euros, according to a U.S. Securities and Exchange Commission filing by the company, though many of the details are still guarded,” Roger Fingas reports for AppleInsider.
“The offering will take place sometime in 2017 with the first interest payments beginning next year, according to Apple,” Fingas reports. “Other key facts —such as maturity dates, interest rates, and expected proceeds —have been left out or redacted, though joint managers will include Barclays, Goldman Sachs, and Deutsche Bank.”
Fingas reports, “The company has been using such sales to support its capital return program, involving billions of dollars in share buybacks and dividends.”
Read more, including Apple’s Form 424B2, in the full article here.
MacDailyNews Take: Better than repatriating at the current confiscatory rates.
SEE ALSO:
Apple issues $7 billion in corporate bonds – May 12, 2017
The fact that Apple has to issue bonds is a reminder of why urgent U.S. tax reform is needed – May 12, 2017
Apple borrows billions while sitting on massive overseas cash mountain – May 10, 2017
Why Apple is investing $148 billion in corporate debt – May 4, 2017
President Trump’s tax reform plan includes deep cuts in corporate taxes – April 26, 2017
Apple raises $10 billion in debt ahead of President Trump’s repatriation tax plans – February 3, 2017
After Apple’s blowout earnings, the Street looks toward ‘iPhone X’ and President Trump’s tax reforms – February 3, 2017
President-elect Trump’s corporate tax reform expected to have some positive impact on Apple EPS – January 14, 2017
Apple has now amassed nearly $80 billion in debt – September 12, 2016
[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]