G, you know about this kind of thing, why would Intel do this deal??
New Issue - Intel sells $200 mln exchangeable notes
Tue Apr 24 18:48:00 EDT 2001
STAMFORD, Conn., April 24 (Reuters) - Intel Corp. (NASDAQ:INTC),
the world's No. 1 chip maker, sold $200 million of three-year
exchangeable notes in the 144a private placement market, said
market sources on Tuesday.
The zero-coupon notes, exchangeable into Samsung
Electronics (KOREA:05930) shares, carried a conversion premium of
approximately 10.14 percent above Tuesday's $167.90 equivalent
closing price of Samsung shares on the Korea Stock Exchange.
Lehman Brothers Inc. was the sole lead manager for the
sale, the sources said.
BORROWER: INTEL CORP.
AMT $200 MLN COUPON ZERO PCT MATURITY 2/1/2004
EXCH PRICE 184.94 EXCHRATIO 54.0727 ACCR INT 4/30/2001
STRUCTURE EXCH NTS ISS PRICE 106.5 NON-CALLABLE 6 MONTHS*
LAST MOODY'S A1 YIELD ZERO PCT
LAST S&P A-PLUS EXCH PREM 10.1462
*PROVISIONAL CALL TRIGGER 140 PCT OF EXCH PRICE ($258.91)
(REUTERS DATA New Issue Results. U.S. Corporate Bonds,
1-888-507-3883)
Copyright 2001, Reuters News Service |
