Apple (AAPL) is holding another bond sale — this time in Taiwan — for “just” $1 billion worth of 30-year bonds, according to research firm CreditSights. Initial price talk is that the bonds, which will trade on the Taipei exchange and would be non-callable for only three years, would yield around 4.3%.

Last week, Apple sold $10 billion of senior unsecured notes across eight different maturities in the U.S. The 30-year tranche is trading with a yield around 4.2%.

Apple issued bonds on the Taipei exchange in June last year. Intel issued some in 2015. The bonds see strong demand from Taiwanese investors, who face caps on “offshore” investments, says CreditSights. These bonds are considered on shore.

Research firm CreditSights rates Apple’s bonds Underperform, despite its better than expected recent results. It thinks Microsoft (MSFT) bonds are a better buy.Apple had $16 billion in domestic cash at the end of the year and $230 billion of cash held overseas.

Source: barrons