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By Bloomberg

Apple Inc. may sell its first yen bonds, in a move that would further diversify its fundraising currencies after making debut offerings in euros and the Swiss franc.

The iPhone maker hired Goldman Sachs Group Inc. and Mitsubishi UFJ Financial Group Inc. to arrange a series of fixed income investor calls starting May 7, and a potential yen offering may follow, Goldman Sachs said in an e-mailed statement on Friday. A sale would be the first in the Japanese currency for Apple, according to data compiled by Bloomberg.

Apple this week announced it was boosting its capital return program by $70 billion through March 2017 and that it would be accessing U.S. and international debt markets to help pay for it. The company has raised the equivalent of more than $40 billion in debt in less than two years to help finance dividends and buybacks, letting it return more money to investors without incurring U.S. taxes on foreign profits.

The Cupertino, California-based tech company offered 1.25 billion Swiss francs ($1.34 billion) of bonds in February and 2.8 billion euros ($3.1 billion) of notes in November, according to Bloomberg-compiled data. It ended the January-March quarter with $194 billion in cash.

A yen debt sale would allow Apple to take advantage of Japanese corporate borrowing costs near record lows. The average yield on yen Samurai bonds sold by overseas issuers was 0.47 percent on April 30, three basis points from the 0.44 percent level in January that’s the lowest on record in Bank of America Merrill Lynch data.

Takashi Takebayashi, a Tokyo-based spokesman for Apple, declined to comment by phone.