Intel Corp. is planning to sell $6 billion of bonds in fourparts to repurchase stock that's trading at about the lowest levelin 16 months.
The world's largest semiconductor maker, whose attempt withMicrosoft Corp. to combat Apple Inc.'s iPad in the $63.2 billiontablet market is getting off to a slow start, may issue $3 billionof five- year securities to yield 75 basis points more thansimilar-maturity Treasuries, $1.5 billion of 10-year bonds at arelative yield of 115 basis points, $750 million of 20-yearsecurities at 130 basis points and $750 million of 30-year debt at150, according to a person familiar with the offering.
The 20-year portion was added after the deal was marketedearlier today. Proceeds will fund general corporate purposes andpreviously announced stock buybacks, Santa Clara, California-basedIntel said today in a regulatory filing.
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