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Vodafone Raises $1.1B In Debt Sale

Vodafone Group has raised $1.1 billion in a sale of senior unsecured notes.

Vodafone Group has raised $1.1 billion in a sale of senior unsecured notes, The Wall Street Journal reports. The notes were sold via bookrunners Barclays, BNP Paribas, Morgan Stanley and Mizuho.

The company intends to use the proceeds for general corporate purposes, which could include the repayment of outstanding debt securities. The $600 million notes sold in the first tranche carry a coupon rate of 2.875%, and are due to mature in 2016. The $500 million 10-year tranche was priced with a 4.375% coupon rate.

Click here for the story from The Wall Street Journal.



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