After five years of rapid growth in corporate bond issuance, technology companies are expected to issue less debt in 2018 as they start to bring cash parked overseas back to the U.S. That’s according to CreditSights analysts in a new report that forecasts that companies, including Apple Inc AAPL, +1.65% , Broadcom Ltd. AVGO, +0.97% and Microsoft Corp. MSFT, +2.03% , will stop the practice off issuing bonds to raise the funds for shareholder rewards and repatriate foreign earnings instead. That “synthetic repatriation” has caused the investment-grade tech sector to grow much faster than the broader market to approach $500 billion in face value at the end of 2017, according to CreditSights. Companies opted to raise debt domestically, rather than pay the 35% tax rate that overseas cash was subjected to under the former tax regime. The tax bill signed into law by President Donald Trump in December has changed the math, even though the repatriation rate is higher than previously expected at 15.5% for cash and 8% for illiquid securities.via