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Intel Plans $6 Bln Bond Sale

Proceeds will fund repurchases of stock thats trading at 16-month low.

By Charles Mead, Bloomberg | Updated on December 04, 2012

Intel Corp. is planning to sell $6 billion of bonds in four parts to repurchase stock that’s trading at about the lowest level in 16 months.

The world’s largest semiconductor maker, whose attempt with Microsoft Corp. to combat Apple Inc.’s iPad in the $63.2 billion tablet market is getting off to a slow start, may issue $3 billion of five- year securities to yield 75 basis points more than similar-maturity Treasuries, $1.5 billion of 10-year bonds at a relative yield of 115 basis points, $750 million of 20-year securities at 130 basis points and $750 million of 30-year debt at 150, according to a person familiar with the offering.

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