Intel Corp. has kicked off the sale of investment-grade debt to help finance a $14.2 billion deal to retake full ownership of an Irish semiconductor plant.

The company is marketing bonds is five tranches, with maturities ranging from five to 40 years, according to a person familiar with the matter. Initial price talk for the longest-tenored note is for a spread of about 1.65 percentage points above Treasuries, the person added, asking not to be identified because they’re not authorized to speak publicly