Games corporates play ..

I work for a company, which is big, no #1 in the respective industry and most importantly in the so called recession has 25B USD in liquid money (cash and short term investment) that can live through the bad times.

All sounds good ? Not so soon ..

I was surprised last week, when this company went with a debt instrument to raise 4B USD to wall street.

Why would someone who has 25B in bank, go for a 4B loan for "normal corporate" governance ?

Daal mein kala hai ..

I went in to a formal channel of investigation and the explanation I got was - even though the co. has 25B, it is kept outside of USA. And bringing in this money would cost TAX dollars.

Do you buy that ?