Apple issues $14B worth of bonds to fund buybacks, corporate initiatives
Apple on Monday officially issued $14 billion worth of bonds, tapping the market to fund corporate operations like share buybacks and dividends to shareholders.
Apple on Monday officially issued $14 billion worth of bonds, tapping the market to fund corporate operations like share buybacks and dividends to shareholders.
Apple is getting ready to offer bonds for the first time in almost two years, looking to raise cash to fund share buybacks and other activities without needing to use its repatriated cash hoard.
Analysts are predicting that Apple won't change its acquisitions strategy under tax reform allowing for cash repatriation from overseas, but instead will radically expand its stock buyback program, and give shareholders a dividend increase going forward.
Apple continues to leverage bond sales and low interest rates to fund both its stock buyback program and green initiatives, with an upcoming $7 billion sale to hit U.S. debt capital markets.
Following the initial notification of a new bond sale on Thursday, Apple has launched the offering and raised $7 billion in a six-part sale with due dates ranging to 2027.
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