Apple is reportedly considering issuing about 200 billion yen ($1.62 billion) in bonds as early as June in Japan, reports Nikkei. The sale of the bonds would be the first fundraising activity for Apple in Japan. Early this month, Apple started gauging potential demand for the yen-denominated bonds among regional banks, life insurers and other institutional investors. The bonds will target Japanese investors but will likely be sold to overseas investors as well.Despite having over $200 billion in cash, Apple still issues bonds so that it can procure funds at low interest rates, which helps create a tax shield that generates shareholder value. Share Article:Facebook, Twitter, LinkedIn, Google Plus, Email, Reddit, Digg, Delicious, StumbleUponFollow iClarified:Facebook, Twitter, LinkedIn, Google Plus, Newsletter, App Store, YouTubeAdvertise Here
Source: iClarified Read More: Apple Planning .6 Billion Bond Sale in Japan?