It’s not just a UK issue – treasurers everywhere need to be prepared for the ripples reaching their shores… For those organisations beyond the UK, it may be tempting to assume that Brexit is ‘just’ a local issue for the British and that it will have no impact on their own activities. But even in these early days, before any actual negotiations have got underway, this may not be an accurate assessment. If your organisation has any interaction with the UK (however indirect), it would be worthwhile considering what Brexit may mean for you. For example, do you have customers
There are some astonishing statistics on the amount of cash held by non-financial firms. Around the end of 2013, the average FTSE 100 company held £1.9 billion, US non-financial firms held USD 1.64 trillion, all at record levels. It is worth looking at this from both a corporate finance angle and for what it means for the role of the treasurer.
Bloomberg broke it thus:
Apple’s $1 billion of floating debt due 2016 pays 5 basis points, or 0.05 percentage point, more than the three-month London interbank offered rate, and its $2 billion, five-year floater yield 25 basis points more than the benchmark, Bloomberg data show
Apple Raises $17 Billion in Record Corporate Bond Sale, Charles Mead & Sarika Gangar, April 30, 2013 10:42 pm GMT+0100, http://www.bloomberg.com/news/2013-04-30/apple-plans-six-part-bond-sale-in-first-offering-since-1996-1-.html..