Intel $6.5 Billion Bond Sale Signals Investor Hope in Turnaround

Intel Corp. has been suffering from credit rating downgrades in recent years as its profits deteriorated, but on Monday bond investors signaled they are buying into the company’s turnaround story.

The chipmaker attracted about $50 billion of orders for a $6.5 billion bond sale, according to people with knowledge of the matter. Proceeds of the offering will help Intel buy back a in an Irish chip plant that it had sold off.