Intel will issue 1.5 billion dollar corporate bonds to buy back shares
Source: Internet
Author: User
KeywordsIntel corporate bonds repo stock
Beijing time, July 21 morning news, according to foreign media reports, Intel announced today that the company will issue 1.5 billion U.S. dollars in 2039, the maturity of the primary subordinated convertible bonds, if demand is strong enough, it may be an excess of 250 million U.S. dollars. Intel said the company would use most of the proceeds from the sale of the bond to buy back the company's shares. As negotiations with investors have not yet been completed, Intel does not disclose the specific terms of these corporate bonds. Intel last week released its second-quarter results for fiscal year 2009. According to the report, Intel's second-quarter net profit exceeded expectations, and forecasts for the current quarterly sales were far higher than expected. (Tangfeng)
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