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Intel Issues $5B In Debt

Intel Corp. has priced notes worth $5 billion.

Intel Corp. has priced notes worth $5 billion. The offering comprised $1.5 billion of 1.950 percent notes due to mature on Oct. 1, 2016, $2 billion of 3.300 percent notes due Oct. 1, 2021 and $1.5 billion of 4.800 percent notes scheduled for Oct. 1, 2041.

The chipmaker plans to use the proceeds to buyback shares of its common stock and for general corporate purposes. Citigroup Global Markets, Goldman Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith are joint book runners for the offering.

Click here for the release from Business Wire.