Cisco's $8 Billion Debt Sale Bolsters U.S. Cash While Adding Value Through Share Buybacks

With interest rates expected to climb further as the economy improves and the Fed tapers down its QE program, Cisco seems to have done well in tapping the debt markets at the right time. The cheap debt will help bolster Cisco's cash holdings in the U.S, lower the cost of capital for the company and also lead to some cash savings as it repurchases shares at relatively valuations.