ServiceNow currently has debt that is paying 0% interest. I think a lot of companies are in the same position. I don't think Apple's bonds are paying very much interest at all either. If Airbnb is selling junk bonds at 10%, that is catastrophically high. The World Bank's Pandemic Bonds were paying about 13% interest, so there's a high amount of risk built into that debt. And I wonder how many warrants were issued because that has a real dilution potential for other investors and employees.
