Wednesday, May 01, 2013

To Satisfy Its Investors, Cash-Rich Apple Borrows Money - NYTimes.com

Bank different
"With a $145 billion cash hoard, Apple could acquire Facebook, Hewlett-Packard and Yahoo. Put another way, it could buy every office building and retail space in New York, according to city estimates.
But despite its extraordinarily flush balance sheet, the technology behemoth borrowed money on Tuesday for the first time in nearly two decades. In a record-size bond deal, the company raised $17 billion, paying interest rates that hovered near the low-cost debt of the United States Treasury."
To Satisfy Its Investors, Cash-Rich Apple Borrows Money - NYTimes.com

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