Intel sells $11 billion of bonds days after debt downgrades2 min read . Updated: 08 Feb 2023, 05:29 AM IST
The Santa Clara, California-based semiconductor manufacturer intends to use the funds to refinance debt and for general corporate purposes, including funding for working capital, the person said.
Intel Corp. sold $11 billion in the blue-chip bond market to help fund capital expenditures after a trio of rating downgrades, luring strong demand on Wall Street.
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