Apples in debt: Apple plans to offer bonds for $ 5 billion




Apple plans to place bonds for $ 5 billion as a result of which may be entered into a number of transactions in the debt market. It is reported by Bloomberg referring to documents published on the website of the Securities and Exchange Commission (SEC) US.


This will be the fourth placement of bonds by several billion dollars over the past few years. Apple intends to place five tranches: the circulation period for the “long” securities will be 30 years.

Raised funds company wants to use for the purchase of shares, payment of dividends, debt repayment, and funds will be used for capital expenditures and working capital financing. Placement of bonds will be engaged Goldman Sachs and Deutsche Bank.

For the first time Apple has entered the debt market in May 2013 to fund the program in the amount of $ 100 billion to return capital to shareholders. Then the company issued bonds with floating interest rate maturing in 2016 and 2018. Apple also released the debt securities with a fixed interest rate with a maturity of 2016, 2018, 2023 and 2043 years.

In January, Apple reported record financial results for the IV quarter of last year. During this period, Apple has revenues of US $ 74.6 billion, which is 29.5% higher than the same period last year. During October – December the company sold 74.5 million smartphones iPhone, setting a new record.

On January 30, in trading on the New York Stock Exchange (NYSE) shares of Apple reached US $ 120 per security. This is a record for the securities manufacturer of personal and tablet computers, music players, phones and software.

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