Apple is making headlines with rumors of a record-sized bond sale.
According to reports, Cupertino is likely taking advantage of historically dirt-cheap interest rates on corporate debt by raising about $17 billion from a series of six types of bond papers.
It's not the largest non-bank bond sale in history, but it does rank near the top. Automaker General Motors raised $17.5 billion in bond financing a decade ago, for example. Then again, GM's financing arm, then known as GMAC, sort of made a bank out of the car builder. Pharma giants Abbott Laboratories and Roche Holdings also issued $14.7 billion and $16 billion in bond debt fairly recently. Record-level or not, Apple's sale certainly ranks right up there with the big boys.
Read 13 remaining paragraphs | Comments
According to reports, Cupertino is likely taking advantage of historically dirt-cheap interest rates on corporate debt by raising about $17 billion from a series of six types of bond papers.
It's not the largest non-bank bond sale in history, but it does rank near the top. Automaker General Motors raised $17.5 billion in bond financing a decade ago, for example. Then again, GM's financing arm, then known as GMAC, sort of made a bank out of the car builder. Pharma giants Abbott Laboratories and Roche Holdings also issued $14.7 billion and $16 billion in bond debt fairly recently. Record-level or not, Apple's sale certainly ranks right up there with the big boys.
DIGITAL JUICE
No comments:
Post a Comment
Thank's!