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Cisco Raises $4B In Note Sale

Cisco Systems has raised $4 billion through the sale of bonds.

Cisco Systems hasraised $4 billion through the sale of bonds. BofA Merrill Lynch, Goldman Sachs, JP Morgan, Citi, Morgan Stanley and Wells Fargo Securities were the joint book-running managers.

The $2 billion notes sold in the first tranche carry a coupon rate of 1.625%, and are due to mature in March 2014. The $1.25 billion notes sold in the second tranche are due to mature in March 2014, while the $750 million notes sold in the third tranche will mature in March 2017.

Click here for the release from Market Wire.

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