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.
Originally published on Mon April 15, 2013 4:27 pm
Hi, it's another installment of Ask A Banker. We've gotten lots of good questions, and also lots of bad questions, on Twitter and email, but answered only a fraction of them, in part because in some columns I just answered questions that I or Planet Money made up. Sorry. So let's make up for lost time by giving short answers to a bunch of real questions from real people, or at least real email accounts.
The middle-income housing projects Stuyvesant Town and Peter Cooper Village sit on an 80-acre patch of Lower Manhattan. In 2006, they came to epitomize the lunatic excess of the housing boom when their 11,232 apartments sold for $5.4 billion. They were bought at a competitive auction by Tishman Speyer Properties and BlackRock Realty.