Apple could be hitting the bond market again as soon as tomorrow, according to The Wall Street Journal.
The newspaper reported Monday that the technology giant hosted an investor call this afternoon about the possible debt issuance, which could be partially made in euros.
The call was hosted in London by Deutsche Bank (DB) and Goldman Sachs (GS), according to the Journal. This would be the first debt issuance Apple has ever made in a foreign currency.
Sources close to the situation told the Journal that the bond issuance could be on Tuesday, and could be for up to $5 billion in non-dollar bonds.
The Journal notes that Apple’s (AAPL) debt issuances are usually large with relatively slim yields for investors. In April, the company issued $12 billion in debt, and last year had a record-breaking $17 billion round.
The April debt issuance offered yields of 1.068% for three-year money and 4.483% for 30-year cash, which the Journal notes is only slightly better than U.S. government debt. Why, then, was there so much interest? Because, quite frankly, no one can see a future where Apple collapses. It has the second highest debt rating possible, and investors believe they will almost certainly get their money back.
The money raised in Apple’s April’s debt issuance was used to pay dividends and for share buybacks, the paper said.