Intel Sells $2.75 Billion of Bonds to Refinance 2016 Debt

| May 12, 2016

Intel Sells $2.75 Billion of Bonds to Refinance 2016 Debt
Intel Corp. sold $2.75 billion of bonds on Thursday to refinance debt due this year and a portion of notes maturing in 2017. The world’s biggest chipmaker issued debt three parts, according to data compiled by Bloomberg. The longest portion was $1.25 billion of 30-year notes yielding 1.55 percentage points above comparable government debt. That’s down from an initial offer of 1.7 percentage points, according to a person familiar with the matter who asked not to be identified because the information isn’t public. Bank of America Corp. and JPMorgan Chase & Co. managed the sale.

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Spotlight

Most people know that life insurance can provide their families with a death benefit if the unexpected should happen. But they may not know that it can also be used to meet a number of future planning needs — for both their families and themselves.

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