Its $500 million of three-year notes may yield 45 basis points more than similar-maturity Treasuries and $400 million of seven-year debt may pay a spread of 88 basis points, said the person, who asked not to be identified because terms aren’t set. A basis point is 0.01 percentage point.

The Big Mac seller is borrowing money as it plans to hire 70,000 people in China this year, almost doubling its workforce there, and accelerates new store openings in the Asian nation to compete with Yum! Brands Inc.’s KFC and Pizza Hut.

McDonald’s paid a 3.7 percent coupon on its $500 million of 30-year bonds sold Feb. 2, a record low for the maturity, according to data compiled by Bloomberg. The securities traded at 97.4 cents on the dollar to yield 3.85 percent May 18, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

Proceeds from the offering may be used for general corporate purposes, the person said. The debt may be rated A2 by Moody’s Investors Service and an equivalent A by Standard & Poor’s.

Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley and Wells Fargo & Co. are managing the sale for the Oak Brook, Illinois-based company, the person said.