bob weiss, the xprize chairman. we appreciate your time. cori, thank you.pple may be looking to raise billions of dollars. it has some asking why. that's when "bloomberg west," returns. ♪ >> >> welcome back to "bloomberg west." i'm emily chang. apple is looking at another bond sale, and holding calls with investors today. this according to a person familiar with the matter saying goldman sachs and deutsche bank have been organized to handle it. why is apple doing this, when the noise have so much cash -- when they already have so much cash? low,terest rates are so and by borrowing this money, they are using it to pay for this buyback program to return money to shareholders, people let carl icahn. this is a way they are finding that. >> how much of the going to raise? >> they did some thing similar last year, that was the biggest debt offering in history, upwards of $10 billion. that's money they have returned back to shareholders. it's a way for them to take advantage of low interest rates, keep their shareholders happy, and still not cutting into their res

. >> well put, bob weiss, president of the xprize. emily?> apple trying to raise money with another large bond sale. but it has some asking why. that is when "bloomberg west" returns. ♪ >> welcome back to "bloomberg west." i am emily chang. goldman sachs and deutsche bank have been hired to organize a call involving apple. so why? why is apple doing this when they already have so much cash? >> interest rates are low, and by borrowing this money, they are using it to pay for the buyback program, returning money to shareholders, people like carl icahn and other investors have been hiding over the years, so this is the way they are funding that. >> any idea about how much they plan to raise? >> no, they did something like this last year which was the biggest offering in history over $10 billion, and that is something they returned back to shareholders, so it is a way for them to take advantage of really low interest rates, keep their shareholders happy, and still not cutting into their own capital reserves too much. >> so is that what they're g