Apple has bags of cash -- so why is it borrowing $17B?

04/30/2013 | Bloomberg Businessweek

Apple has announced a colossal $17 billion debt offering, despite having cash reserves of around $145 billion. That's because Apple's cash isn't heaped up in piles in Tim Cook's office in Cupertino, but is instead linked to Apple's foreign operations. Given America's tax code, it's cheaper for Apple to borrow money domestically than it would be to pay the taxes required to repatriate its foreign profit.

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