Rogers Comm-Cl.B : Rogers Communications Raises C$1.1 Billion From Debt Issues
05/30/2012| 05:19pm US/Eastern
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Rogers Communications Inc. (RCI, RCI.A.T) raised a total of C$1.1 billion (US$1.07 billion) from a two-tranche bond issue, according to people familiar with the matter.
The wireless and cable company raised C$500 million from an offering of June 2017 bonds, pricing the offering 165.1 basis points over the relevant Government of Canada benchmark, to yield 3.017%. The bonds carry a coupon of 3%.
It raised another C$600 million from an issue of bonds maturing June 2022, pricing the offering at 225.1 basis points over the relevant benchmark to yield 4.049%. The bonds carry a coupon of 4%.
The offering comes after the province of Ontario raised C$750 million from an issue of 10-year bonds.
-By Ben Dummett, Dow Jones Newswires; 416-306-2024; ben.dummett@dowjones.com
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