According to the SEC reports filed by ZeroHedge, Apple has made announcements for the new bonds they are planning to acquire in the New Year. As per the reports, these new bonds will help Apple to raise funds for buying back Apple stocks and also to pay the dividends. It also states that these new bonds issued by Apple will all be the parts of a 10 party deal.
According to Apple, the reasons put forward by this sudden rise in the amount of bonds are for raising extra money. They announced that these are all for the purpose of general corporate issues. These issues include payment of debt, acquisitions, capital expenditures, raising money for the working capital and lastly, to buy back a percentage of shares and paying off the dividend of outside shares to the various shareholders of Apple.
According to reports on MarketWatch, the bonds taken by Apple are of two types of rates. The first type is floating rates, which are supposed to mature by the end of years 2019 and 2018. The other type includes fixed rate notes, which are said to start maturing in 2018 and ending up all the way up to 2046. Though this is a fact, Apple has not actually put forward the actual rate values which they are planning to offer, neither have the announced the amount of funding they are planning to raise. On the other hand, since Apple had previously taken such steps for their regular corporate issues, one can always put forward a speculated amount.
Previously, the US bonds kept by Apple helped them raise approximately $ 17 billion in the year 2013, $12 billion in the year 2014 and last year, it was just $8 billion. According to Apple, in the previous month they had actually earned $153 billion out of their planned program of buying back stocks of $200 billion.
