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Intel grosses $1.01 billion from debt offering

Intel Corp. raised gross proceeds of $1.01 billion from an offering of 4.90% senior unsubordinated unsecured notes due Aug. 11, 2045.

The company plans to use the proceeds for general corporate purposes or working capital, investment in securities, redemption or repayment of debt securities, and acquisitions or investments.

Cathay United Bank Co. Ltd., MasterLink Securities Corp. and Yuanta Securities Co. Ltd. were the lead underwriters.