NEW YORK (TheStreet) -- Shares of Apple (AAPL) - Get Report are declining 0.25% to $99.61 in pre-market trading on Wednesday as the company plans to issue bonds in Taiwan for the first time, aiming to raise $1 billion, according to sources cited by Reuters.

The tech giant joins other large companies such as Intel (INTC) and Anheuser Busch InBev (BUD) that have sold billions of dollars on Taiwan's busy debt market.

Liquidity in the Taiwanese bond market is flush with long-term buyers of debt, primarily life insurance firms looking for creditworthy names and higher yields, Reuters notes.

Taiwan is home to Apple's supply chain and the planned offering is likely to help the company secure solid partnerships with its suppliers, analysts said.

(Apple is a core holding of Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trialhere.)

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: AAPL

Image placeholder title