La Feng

INTC...

 

 

来源: passers 于 2012-12-05 06:30:21 [档案] [博客] [旧帖] [转至博客] [给我悄悄话] 本文已被阅读：127次

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source: http://www.bloomberg.com/news/2012-12-04/intel-plans-three-part-bond-offering-to-repurchase-common-stock.html?cmpid=yhoo

Intel issued $6 billion of bond for share buy back.

The is the detail:

$3 billion 5-year bond of 1.35% 

$1.5 billion 10-year bond of 2.7% 

$750 million 20-year of 4%

$750 million 30-year of 4.25%

This is a good move. Intel has good credit and strong financial to get these rates. Intel shares currently has 4.51% dividend. Taking advantage of low interest environment to issue bond and buy back shares actually will save them money and boost working capital. 

Let's take a quick look at its balance sheet.

Current ratio went up because they have more cash, and 38.77% of the assets are financed with debt. Given Intel's strong financial and even stronger cash cushion, there is no short term liquidity risk. I plan to increase my position in Intel :)