Business
5:01 am
Wed May 1, 2013

Apple Sells Bonds

Originally published on Wed May 1, 2013 9:51 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with a scramble for Apple bonds.

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MONTAGNE: Apple, yesterday, sold $17 billion worth of bonds - which is a new industry record. Apple issued the bonds to take advantage of low interest rates as it prepares to make a payout of $100 billion to shareholders by 2015. Transcript provided by NPR, Copyright NPR.