Apple Lossless Audio CODEC (ALAC), could sell in Japan a package of bonds worth 1.62 billion dollars, those from Cupertino are currently analyzing the implications of such a move made in one of the most important countries in terms of sales. Attracted by the very low interest rates in Japan, the Apple company would be interested in raising money to expand its operations in the country and to increase the dividends offered to its own shareholders, but everything is being debated for now.
Apple has already sold bond packages worth a total of 4.31 billion dollars in the last year and intends to raise another 6.5 billion dollars through a debt sale, but it remains to be seen what it will do in the end. The Apple company uses these amounts to buy back its shares or to pay dividends to its shareholders, even though it has a monetary reserve of over 170 billion dollars.
In what will be its first fundraising activity in Japan, Apple is considering issuing about 200 billion yen ($1.62 billion) in bonds as early as June. The US technology company aims to procure funds at low cost by taking advantage of rock-bottom interest rates in Japan. It will likely use the proceeds to boost shareholder rewards and possibly expand Japanese operations.
This year we told you that Apple intends to establish new research and development centers in Japan, and this sale of bonds could help the company finance its plans in that country. Several hundred million dollars are to be invested in this project, so Apple would collect enough money to cover all its expenses, but also to pay dividends to shareholders.
Apple is one of the richest companies on the planet, but it is constantly looking for new sources of funding for its important projects.
