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In May 2017, Apple Inc. notified the Securities amp; Exchange Commission (SEC) that it would be issuing another $7 billion in bonds during 2017.
In May 2017, Apple Inc. notified the Securities & Exchange Commission (SEC) that it would be issuing another $7 billion in bonds during 2017. Apple previously issued $10 billion in bonds in February 2017 in the US and $1 billion in Taiwan. Apple plans to buy back its own stock with the proceeds from the bond issue.
- What are the effects of this most recent bond issue on Apple's balance sheet?
- Will any other parties be affected by this most recent bond issue? If so, who will be affected and what are the potential effects?
- Besides issuing bonds, what other ways could Apple use to raise the funds needed to buy back its own stock?