Apple plans to release its first bonds denominated in yen, which can be concluded a number of transactions of the company in the debt market. About it reports Bloomberg with reference to a source in one of the banks involved in the preparation of the placement.
It is reported that such bonds (the so-called samurai) will be issued for a total amount of about 200 billion yen ($1.6 billion), with proceeds going to the expansion of the American business Corporation in Japan. The bonds will be engaged Goldman Sachs.
It should be noted that the volume of bonds and the cost of their placement is not precisely defined and will depend on investor demand. The placement will take place in June of this year.
For the first time Apple’s entered the debt market in may 2013 to Fund the program at $100 billion capital return to shareholders. Then the company issued bonds with floating interest rate with a maturity of up to 2016 and 2018. Apple has also issued debt securities with a fixed interest rate with a maturity of 2016, 2018, 2023 and 2043.
In early February 2015, it became known that the company intends to issue bonds totaling $5 billion, and in November 2014 appeared information about the plans for the first time to issue Eurobonds.
The current amount of free cash for Apple’s smaller than the capitalization of almost all of the companies included in the S&P 500 index. Only 17 players Tim cook can’t handle. Of money sufficient to redeem all the paper Visa, which costs “only” $158 billion will be Enough for Disney ($161 billion), Intel ($173 billion). Amazon, Yahoo!, Comcast – all these telcos and Internet giants also can be purchased without incurring debt. It is an interesting and potentially dangerous for some of Apple’s competitors arithmetic.