Apple is selling bonds again to finance its current round of share buybacks and dividends, according to Bloomberg.
The iPhone maker is offering $5 billion of debt in four parts, after dropping a two-year floating rate component, according to a person with knowledge of the matter. The longest portion of the sale, a 30-year security, may yield 1.1 percentage points above Treasuries, down from initial talk of around 1.25 percentage points, said the person, who asked not to be identified.
Apple is about three-fourths of the way through a program that’s returning $300 billion of capital to shareholders by the end of March 2019. At the start of July, the company was sitting on more than $261.5 billion of cash, 94 percent of which was outside the U.S., CFO Luca Maestri said on an earnings call. The company declared a regular quarterly dividend of 63 cents a share last month.
The bond sale comes a week before Apple is scheduled to announce successors to the iPhone 7 and iPhone 7 Plus during a launch event at its new campus. The latest model is said to eliminate the home button, a key feature since the gadget was introduced a decade ago, and introduce upgrades such as a face-recognition scanner. The iPhone is Apple’s biggest product, responsible for about two-thirds of sales.
When the largest amusement park in Germany, Europa-Park, began constructing its new Croatia area, it found inspiration in Rimac hypercars and technology for its new rollercoaster – the Voltron Nevera Powered by Rimac.
Following the end of the public delisting acquisition offer for Telefónica Deutschland, Telefónica holds approximately 96.85% of the shares in its German subsidiary.
Infobip Shift Miami, the American version of the Croatian developer conference, this week brought together a diverse technology-sector audience on the shores of Florida.
