Netflix (NFLX) has issued $200M in bonds, paying 8.5% interest, to buy back shares and boost its...

|By:, SA News Editor

Netflix (NFLX) has issued $200M in bonds, paying 8.5% interest, to buy back shares and boost its tumbling stock price. The company now has less than half the cash it held five years ago, and subscriber defections are likely to accelerate, as it faces costly expansion and $2.4B in future commitments to license content for its streaming service.