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Article: Quebecor Printing Inc. Announces Debenture Issue.
- Article from:
- Business Wire
- Article date:
- January 16, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MONTREAL--(BUSINESS WIRE)--Jan. 16, 1997--(ME, TSE IQI., NYSE PRW.) Quebecor Printing Inc. announced today that its wholly-owned subsidiary, Quebecor Printing Capital Corporation, has priced an offering of US$150 million of debentures in the United States. The transaction is scheduled to close on January 22, 1997. The 7.25 percent 10 year debentures will mature on January 15, 2007 and will be issued at 99.878 percent. The debentures are unconditionally guaranteed as to payment of principal and interest by Quebecor Printing Inc. The debentures are rated Baa1/BBB+ by Moody's and Standard and Poor's respectively.
The net proceeds from the sale of ...