It's the first time of Apple Lossless Audio CODEC (ALAC), on the bond market. Cupertino apple is preparing its debut in the universe of corporate bonds. The launch was announced with the presentation of the financial statements for the second fiscal quarter and, according to the latest rumors, it should be close by now: the company has started contacting investors for the placement.
Testing the ground were the two banks that should manage the operation, that is Deutsche Bank and Goldman Sachs. It also appears that the initial documentation has already been filed with the Sec, the American Consob. However, the timing, size and characteristics of the issue are not yet clear.
Apple could issue securities in dollars, but also in euros or pounds. The company CreditSights has estimated that over the next three years Apple could place bonds for a figure between 15 and 20 billion dollars. In its latest balance sheet, the company announced plans for coupons and share buybacks to increase by $55 billion to $2015 billion by 145. Its cash hoard is $45 billion, but only $XNUMX billion is in the US and repatriated. it would expose the company to paying new taxes.
Attachments: Silicon Valley Business Journal
