Debt or Equity? Making the right choice at the right time
Wizenius
APRIL 1, 2023
1) Apple: In 2013, Apple issued a $17 billion bond to return cash to shareholders and avoid repatriating overseas profits and incurring taxes. Apple's credit rating was AA+ from S&P and Aa1 from Moody's, which allowed it to borrow at a low interest rate. The 10-year US Treasury yield in April 2013 was around 1.7%.
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