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Apple Sells Bonds

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Apple Sells Bonds

Business

Apple Sells Bonds

Apple Sells Bonds

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On Tuesday, Apple 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.

RENEE MONTAGNE, HOST:

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

(SOUNDBITE OF MUSIC)

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.

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