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Salesforce plans to issue $25 billion in bonds to fund stock buybacks — Bloomberg
Investing.com – According to Bloomberg, citing sources familiar with the matter, Salesforce Inc. plans to issue up to $25 billion in bonds to fund a stock buyback, which would be the largest debt issuance in the company’s history.
Sources said the company aims to issue at least $20 billion in U.S. bonds. As details have not been publicly disclosed, these sources requested anonymity. They added that the bonds could be issued as soon as this week, but the timing may change.
On February 26, the software company announced a $50 billion stock buyback plan and increased its dividend by 5.8%.
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