Investment Strategy

Apple hires banks to lead potential Kangaroo bond debut

The Apple Store in Grand Central Station in New York City.
Mike Segar | Reuters

Apple has mandated Commonwealth bank of Australia, Deutsche Bank and Goldman Sachs to hold investor calls with debt investors starting tomorrow for a potential debut offering of Kangaroo bonds.

The US technology company has sold bonds in Swiss francs, yen and sterling this year, as it diversifies away from its core currency of US dollars.

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It has pledged to return $200 billion in cash to shareholders by the end of March 2017, and has increased the size of its share buyback program to $140 billion. It said in March that it would access the international and domestic debt markets to help fund the program.