Hewlett-Packard on Monday launched a $2.7 billion, three-part sale of notes via Banc of America Securities, Deutsche Bank and RBS Greenwich Capital, according to IFR.

The world's largest PC maker is offering $1 billion of 3-year, fixed-rate notes at a yield spread of 295 basis points over comparable U.S. Treasuries, said IFR, a Thomson Reuters service.

It is also offering $1.5 billion of 5.25-year, fixed-rate notes at 295 basis points over Treasuries and a third tranche of $200 million of 2-year floating-rate notes at three-month London Interbank Offered Rate plus 175 basis points, IFR said.