AVGO also starts to issue corporate bond, $4.5B

Broadcom will sell $4.5 billion of senior notes to a group of underwriters led by Bank of America and JPMorgan.

The semiconductor manufacturer said Tuesday that it will use the proceeds from the sale for general corporate purposes and debt repayment.

The transaction includes $750 million worth of 4.3% interest rate notes due 2031, as well as $1.25 billion each of 4.6% notes due 2033, 4.95% notes due 2036, and 5.7% notes due 2056, the company said.