Apple is reportedly planning an investor call for later today ahead of a possible bond sale, according to The Wall Street Journal.
This would be the third bond sale in the company’s history, and may be the first in which Apple issues bonds in euros rather than dollars.
In its earnings call in April, Apple acknowledged that the majority of its cash and securities are held offshore. Since repatriating this money would incur heavy U.S. taxation, it’s cheaper for Apple to raise money through bond sales. The euro in particular represents a very good deal, since it is currently at its lowest rate relative to dollar-denominated debt in six years.