Why do companies that are flush with cash issue bonds?
Both$Apple (AAPL.US)$and$Meta Platforms (META.US)$recently issued large corporate bond offerings. My question is - why would a profitable company with positive Free Cash Flow raise debt when they don't need to? I don't understand why they don't spend down the cash that they already have. $Nasdaq Composite Index (.IXIC.US)$
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