 We know about the iPod iPhone and the iPad well get set for the I bond Where you lend money to Apple the biggest company in the world, but the bigger question has to be why does Apple need your cash? Apple is a business giant value by the US stock market at more than 900 billion Australian dollars and your revenue is close to 200 billion profit more than 10.7 billion if it were a country it'd be the 60th biggest in the world as big as Ireland But strange as it seems the Apple financial juggernaut wants you to lend it money We would expect the issue size to be you know many hundreds of millions of dollars for all of its innovation Apple needs alone because of its most controversial feature its tax This is a very common practice of many US multinational companies because of high tax rates in the US Apple leaves vast pots of cash in low-tax environments around the world if it takes that money home It pays the tax its cash mountain would make Scrooge McDuck teary 203 billion dollars worth so to pay dividends to its US shareholders It borrows the money more than 47 billion dollars worth it borrowed eight billion dollars via overseas I bonds in May the tax rate is 35% on the profits All right, so it's it will be much higher than the interest rate Details of Apple's first Australian eye bond won't be released until later this week But nine users learnt there's likely to be a four-year bond with a floating rate just over three percent And also a seven-year bond with a fixed rate of three and three-quarter percent Now you might think these interest rates are low But that's commensurate with lending your money to one of the largest and most financially secure companies on the planet Apple is a very high-quality investment rate company. It's rated double a plus individual investors are looking for these low-risk high-quality You know investments Ross Greenwood nine news