Intel Raises $6 Billion in Bond Sale to Buy Back Stock
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Intel Corp. sold $6 billion of bonds in the largest dollar-denominated sale since Abbott Laboratories raised $14.7 billion on Nov. 5, Bloomberg data show.
The offering, which topped the company’s previous record, its $5 billion issue from September 2011, is being used to repurchase stock that’s trading at about the lowest level in 16 months.