Perhaps Google issued bonds because of a tax angle (a large amount of Google's cash is parked overseas and will incur taxes if it is repatriated.) As a colleague of mine said (on more than one occasion) - "I bet there is a tax story here somewhere."
Via Greg Mankiw
A Finance Professor's blog. I am a Professor of Finance in the Poole College of Management at NC State University. My website: https://sites.google.com/ncsu.edu/warr Opinions are my own.
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