Ondrej Holzman Another increase in the share buyback program last week he announced Apple, by the end of 2015, wants to distribute between the shareholders instead of the original 60 to 90 billion dollars. According to Financial Times then Apple plans to go into massive debt due to this step, just like last year. The Californian company is said to be preparing to issue bonds with a value hovering around the $17 billion mark again.
With the new giant bond issue, Apple is said to be targeting American and foreign markets, especially the Eurozone, which offers lower interest rates. The money raised is to help him pay the dividend, which Apple raised last week by 8 percent to $3,29 per share. That with Apple debt similar to a year ago, Luca Maestri, Apple's future CFO, already indicated when announcing the financial results.
It will most likely be the second largest bond issue in corporate history, if it at least equals the one from last year. Although it was the largest with 17 billion, Apple was later overtaken by the American operator Verizon, which raised $2013 billion in bonds in 49, which helped it acquire a 45% stake in Verizon Wireless, which it did not yet own.
Apple's significant debt doesn't make sense at first glance when we realize that the apple company has about 150 billion dollars in cash, but the problem is that almost 90 percent of this amount is stored abroad. If she tried to repatriate the money, she would have to pay a hefty US tax of 35 percent. Therefore, at the moment it is more profitable for Apple to issue bonds and save thanks to low interest rates than if it transferred its money from abroad.
Currently, Apple has about $20 billion in the United States, with which it could cover the payment of dividends, but Luca Maestri revealed that Apple prefers to keep this capital in reserve for possible acquisitions and other investments in its homeland and take on debt for the sake of investors.
