Why did apple use the proceeds from issuing bonds


In April 2013, Apple issued $17 billion of bonds as a part of plan to finance $100 billion cash, used to return shareholders by the end of 2015. Apple owns $145 billion of cash and much of its cash held overseas. Why did Apple use the proceeds from issuing bonds rather than using its existing cash to pay to its shareholders?

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Finance Basics: Why did apple use the proceeds from issuing bonds
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