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Apple intends to issue bonds to pay stockholders
16-05-2017 10:00
Apple intends to issue bonds to pay stockholders
Apple intends to issue bonds to pay stockholders

MarketWatch citing the data of CreditSights reports that Apple Inc. intends to issue corporate bonds. The corporation is going to use these funds to pay dividends, repurchase shares, and refinance the existing debt. According to CreditSights, Apple will issue bonds with a maturity of 3, 5, 7, and 10 years with a fixed and floating rate. Experts say that the company has a large amount of free funds on foreign accounts, about $250 billion, and their return to America would require a tax payment of 35%. In this regard, Apple attracts funds by issuing bonds. As for the end of March 2017, Apple's debt has risen from $0 to $84.5 billion since 2012 as the company launched a program of returning funds to shareholders that includes the repurchase of the company's stocks and dividend payouts. In the previous quarter, the total sum of funds on the accounts of the "Cupertino company" rose by $10.8 billion, while its debt increased by $11 billion.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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