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Apple issues bonds worth estimated $12bn

Discussion in 'Market News' started by Lily, Feb 16, 2016.

  1. Lily

    Lily Forum Member

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    Move would allow the company to pay shareholders without having to repatriate any of $177bn it holds overseas at lower tax rates than in US

    Apple announced it was issuing bonds estimated in value at $12bn on Tuesday, despite a current cash reserve of $215bn.

    The bond issue, the latest in a series of huge debt issues, will be used largely to return money to shareholders without repatriating any of the estimated $177bn it holds overseas at a tax rate lower than it would be charged in the US.

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