Friday, July 31, 2009

Intel will let out subordinirovannye convertible bonds for the sum of $1,5 mlrd

The corporation declared intention to involve loan by means of release subordinirovannyh convertible bonds on sum of $1,5 mlrd for references to 2039 of the Bond will be offered qualified institucionalnym to buyers according to the Paragraph 144A the Law on securities of 1933 with the brought changes. The interest rate, factor of recalculation and other sizes will be defined by the coordination between the company and buyers of primary securities. Intel will give to buyers the right to acquisition of additional quantity of bonds to the sum to $250 million in case of additional issue, it is told in the company message. The most part of extra means Intel plans to spend for the repayment of ordinary actions which is planned to carry out at the moment of definition of cost of bonds or soon after that. The actions made in the course of the repayment of actions, can lead to that market cost of ordinary actions Intel will change.

The rest of means Intel plans to direct for realisation of the main objectives.

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