According to a report from the Wall Street Journal, it has been revealed that Apple (AAPL) is planning an investor call on Monday to discuss a potential bond sale – which may be the first sold in euros.
Cupertino has hired Goldman Sachs (GS) and Deutsche Bank (DB) in order to organize the call, the publication said, citing a person familiar with the matter. If the world’s most valuable tech company decides to sell its bonds in euros, it will be a break from other sales which have only taken place in U.S. dollars. The potential bond sale would be the third in Apple’s history.
The iphone maker sold $12 billion notes this year after raising a record-breaking $17 billion in 2013 in the largest corporate bond sale at the time. According to Bloomberg, a transaction in euros would allow the $663.40 billion market cap company “to borrow at the lowest rate relative to dollar-denominated debt in six years.”
With interest rates so low, it makes sense for Apple to issue here. Additionally, raising money through a corporate bond sale gives the company a tax benefit since interest payments on corporate debt are tax-deductible. There is no doubt investors will like the name and oversubscribe it if the sale goes through.
Wallstreetpit has reached out to Apple for comment on the report and will update this post with any additional information we learn.
Shares of Apple closed at $108 on Friday.