Qualcomm $11 billion notes issues

Overview:

• Qualcomm has issued $11 billion in notes.
• The issue consisted of $750 million aggregate principal amount of floating rate notes due 2019, $500 million aggregate principal amount of floating rate notes due 2020, $500 million aggregate principal amount of floating rate notes due 2023, $1.25 billion aggregate principal amount of 1.85% notes due 2019, $1.5 billion aggregate principal amount of 2.1% notes due 2020, $1.5 billion aggregate principal amount of 2.6% notes due 2023, $1.5 billion aggregate principal amount of 2.9% notes due 2027, $2 billion aggregate principal amount of 3.25% notes due 2027 and $1.5 billion aggregate principal amount of 4.3% notes due 2047. 
• Qualcomm intends to use the net proceeds of this offering to fund a portion of the purchase price of its planned acquisition of NXP Semiconductors and other related transactions as well as for general corporate purposes - Qualcomm $38 billion acquisition of NXP Semiconductors.

Katrin Kostadinova - Data analyst