Tim Cook

Apple is gearing up to issue another bond offering this week, with a conference call with investors reportedly scheduled today, according to reports this morning from Bloomberg and The Wall Street Journal. Apple hasn’t announced that it is holding an investor call today as of yet, but the announcement will likely be posted to Apple’s Investor Relations website if it is indeed happening. According to the WSJ, this bond offering will be the first from Apple to involve the euro currency:

Deutsche Bank and Goldman Sachs Inc. are arranging a call for the firm with investors Monday, and a deal, possibly at least partly in euros, could come as soon as this week, according to a person familiar with the matter. The iPhone maker has never issued debt in currencies other than the dollar before.

This week’s bond offering will be the second major one from Apple this year, and just the third significant one in recent company history. Apple sold $12 billion in debt in April (in an offering that was over three times over subscribed), and sold another $17 billion in 2013. Banks Goldman Sachs and Deutsche are again handling the Apple offering. Apple utilizes bond offerings as part of its extensive plan to return money to shareholders. Bonds allow investors to put a stake in Apple via a debt offering, which is an alternative to buying standard equity via the stock market.

 

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