Apple Plans Call With Investors Ahead of New Bond Sale?

Apple is reportedly considering a new bond sale and is planning a call with investors this afternoon to discuss the matter, reports the WSJ.

Deutsche Bank and Goldman Sachs Inc. are arranging a call for the firm with investors Monday afternoon in London, and a deal, possibly at least partly in euros, could come as soon as Tuesday, according to a person familiar with the matter. The iPhone maker has never issued debt in currencies other than the dollar before.

Apple's previous bonds have been massive with small yields for investors. Previous bond sales were $12 billion and $17 billion. It's $12 billion sale in April paid a yield of 1.068% for three-year money and 4.483% for 30-year cash.


Apple used the bond proceeds to pay for its buybacks and dividends. The bond offering helps the company sidestep tax penalties.

CreditSights analysts previously estimated that Apple could issue as much as $5 billion in non-dollar bonds this year.

Read More