The Apple company is preparing for the third sale of bonds this year, those from Cupertino are preparing to raise no less than 7 billion dollars through the sale of bonds in the US, the amount being a huge one, but with it follows to finance the share buyback project.
Those from Apple intend to take advantage of the low interest rates for this kind of financial initiatives, those from Cupertino initiating a similar move in February, then collecting no less than 12 billion dollars from the American market, they being used for exactly the same purpose like the one now.
The interest in Apple's bonds is extremely high, and subscriptions for buying bonds have exceeded 3 times the offer, so Apple can easily sell new bonds this year to generate more money to buy back its own shares from the global markets.
Although Apple has a monetary reserve of more than 200 billion dollars, that money is not used to buy back shares and Apple prefers to finance itself by selling bonds that must be bought back in a few decades, with a very low interest rate.
Apple prepared to sell $7bn worth of bonds on Thursday in its third tap of US debt capital markets this year, as the iPhone maker takes advantage of record low borrowing costs. The five-part sale, across fixed and floating rate notes, was roughly three times oversubscribed at $21bn, according to two people familiar with the deal.
