Intel Sells $6 Billion in Notes, Including Green Bonds

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By Mary de Wet

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Intel Corp. issued $6 billion in senior notes Friday, including $1.25 billion in green bonds due 2032.

The proceeds of the green bonds will be used to fund eligible projects, such as investing in green buildings or energy efficiency. The 4.150% notes are due 2032, the tech company said in a filing with the US Securities and Exchange Commission.

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Intel aims to use the proceeds of the other notes for general corporate purposes, including refinancing debt and to fund working capital and capital expenditures.

The company issued $1.25 billion of 3.75% notes due 2027, $850 million of 4% notes due 2029, $1.75 billion of 4.9% notes due 2052, and $900 million of 5.05% notes due 2062.

JP Morgan Securities LLC, BNP Paribas Securities Corp., BofA Securities Inc. and Goldman Sachs & Co. LLC are underwriters, Intel said.

S&P Global Ratings and Fitch have rated the notes as A+.

Write to Mary de Wet at [email protected]

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Credit: www.marketwatch.com /

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