Intel kicks off bond sale to help buy back Irish plant stake

Citigroup, JPMorgan Chase, Barclays, Bank of America and Deutsche Bank are said to be helping run the bond sale

Intel said on April 1 it would take on about $6.5bn (€5.6bn) in new debt to help repurchase a 49% stake in its Fab 34 joint venture in Leixlip. Picture Colin Keegan, Collins Dublin.

Intel has kicked off the sale of investment-grade debt to help finance a $14.2bn (€12.3bn) deal to retake full ownership of the semiconductor plant in Kildare.

Intel said on April 1 it would take on about $6.5bn (€5.6bn) in new debt to help repurchase a 49% stake in its Fab 34 joint venture in Leixlip.