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> For Apple it's the first time they've ever sold corporate bonds. This just isn't true, Apple has sold debt for as long as their Non US cash position has bee
by chollida1 6y ago
> For Apple it's the first time they've ever sold corporate bonds.
This just isn't true, Apple has sold debt for as long as their Non US cash position has been material, so they could access their non US cash without having to repatriate(pay US taxes on it) their cash.
A simple look on a Bloomberg terminal shows they have outstanding debt from 2014
- AnotherGoodName 6y agoSorry i'll acknowledge that point. I misinterpreted one of the tech articles where it was stated as the first bond yield at such at low rate since 1980 as being the first bond issue full stop. I think the point still stands as a whole though. When you see things such as "Of the $10 billion on offer, the $1 billion five-year tranche was issued at a coupon of 0.45%, the lowest coupon seen on a U.S. corporate bond at that maturity, according to Refinitiv data, which goes back to 1980." It's worth highlighting the rarity of these circumstances. https://www.reuters.com/article/us-alphabet-bonds/google-owner-alphabet-issues-record-10-billion-bond-at-lowest-ever-price-idUSKCN24Z2PC https://www.reuters.com/article/us-alphabet-bonds/google-own...