Market Weekly: Aug 14-Aug-18-2017

#11201
Assistanc3
Participant

[quote=”ClemSnide” post=914][quote=”Assistanc3″ post=913]Bloomberg reports that Apple ($AAPL) plans to sell $1.96B in senior unsecured seven-year bonds in Canada
The funds will go towards stock buybacks and dividends.

The offering would serve as Apple’s first bond sale in the country and mark the largest of such deals from a foreign company.[/quote]

Interesting on Apple – I wonder if that is also a tax play from Apple[/quote]

absolutely it is
last time they issued debt in the U.S. it was to pay for dividends

thats how bad the US tax code is, a company as wealthy as Apple will take on debt just to get around paying Uncle Sam who wants to double dip in taxation.