Apple carries out bizarre financial manoeuvres in the dark
 

The fruity cargo cult Apple, which is sitting on a cash mountain larger than Mount Everest is flogging off a billion dollars of bonds in Taiwan to raise money.

Apple is joining a long line of poor companies who have gone cap in hand to the Island’s debt market in the hopes of flogging a billion dollars of bonds. The US dollar bonds will last for 30 years.

The Tame Apple Press is doing its best to claim that it is perfectly normal for blue-chip multinationals to regularly issue dollar bonds of such size on the island. It cited Intel which flogged $915 million of 30-year bonds with yields of 4.7 percent

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