Mohacsy's Safe Portfolio Member Forum

[dexprs]

I think they have enough cash to do those things, then it must be due to low rates.

Apple's 'Maple' Bond Sale Sets Record in Canada -- Barron's Blog
DOW JONES & COMPANY, INC. 9:42 AM ET 8/16/2017
Symbol Last Price Change
AAPL 161.1275up -0.4725 (-0.29%)
QUOTES AS OF 09:50:43 AM ET 08/16/2017
Apple (AAPL) sold $2 billion ($2.5 billion in Canadian dollars) of seven-year bonds in Canada's so-called Maple market Tuesday.

It was the company's first sale in that market and the biggest single tranche issue in that market's history, according to Bloomberg. It's also the biggest bond sale this year, topping Anheuser-Busch InBev's $2 billion (Canadian) bond sale in May.

Bloomberg adds:

It's Apple's(AAPL) sixth trip to the bond market this year after it issued $18 billion in the U.S. in three sales. It also sold $1 billion in Taiwan and offered euro-denominated notes.

The double-A-plus rated notes have a 2.513% coupon. It attracted more than $3 billion in orders.

The purpose of the debt is to fund share buybacks and dividend payments.

More at Barron's Income Investing blog, http://www.barrons.com/income-investing