Intel Corp (INTC: Quote) announced the pricing of four series of senior unsecured notes for $6.0 billion. The company expects to the offering on December 11, 2012.
Of these notes, $3.0 billion will mature on Dec. 15, 2017 and will bear interest at an annual rate of 1.35%, $1.5 billion will mature on Dec. 15, 2022 and will bear interest at an annual rate of 2.70%, $750 million will mature on Dec. 15, 2032 and will bear interest at an annual rate of 4.0%, and $750 million will mature on Dec. 15, 2042 and will bear interest at an annual rate of 4.25%.
Intel intends to use offering net proceeds for general corporate purposes and to repurchase shares under existing share repurchase authorization.
Click here to receive FREE breaking news email alerts for Intel Corporation and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News