This content is from: Innovation
Rogers Communication Raises $1.9B
Rogers Communications has raised $1.9 billion in a two-part sale of senior notes.
Rogers Communications has raised $1.9 billion in a two-part sale of senior notes. Bonds worth $1.49 billion, which carry a coupon rate of 5.34%, will be due in 2021 and notes costing $411.9 million, which carry a coupon rate of 6.56%, will mature in 2041.
The Canadian wireless carrier will use the proceeds from the offering to fund the redemptions of its $350 million, 7.875% senior notes due 2012 and $470 million, 7.25% senior notes due in 2012. The investment dealer arms of Royal Bank of Canada and Bank of Nova Scotia were the joint book running managers on the sale, adds Reuters.
Click here for the release from PR Newswire.
Click here for additional coverage from Reuters.