Apple has completed its first issue of Apple bonds in Taiwan, raising between $1 billion and $1.2 billion.
The bond is said to be a 30-year debt issuance, yielding around 4.15 percent for investors, although it can be called in after the second year. The news follows the completion of a second Australian Apple bond offer last week that also raised around $1 billion for Apple.
Although Apple has a cash hoard in excess of $200 billion, most of it is offshore. The bonds are a relatively cheap way of raising cash for use in the US, without having to pay taxes at a much higher rate, should it ever choose to repatriate its overseas cash stockpiles.
