Why Apple added debt to its $145 billion cash hoard

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Anton TwAng Apple is making headlines with rumors of a record-sized bond sale. According to reports, Cupertino is likely taking advantage of historically dirt-cheap interest rates on corporate debt by raising about $17 billion from a series of six types of bond papers. It’s not the largest non-bank bond sale in history, but it does rank near the top. Automaker General Motors raised $17.5 billion in bond financing a decade ago, for example. Then again, GM’s financing arm, then known as GMAC, sort of made a bank out of the car builder. Pharma giants Abbott Laboratories and Roche Holdings also issued $14.7 billion and $16 billion in bond debt fairly recently. Record-level or not, Apple’s sale certainly ranks right up there with the big boys. Read 13 remaining paragraphs | Comments

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Why Apple added debt to its $145 billion cash hoard

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