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Article: October 28, 2009 - Rogers Communications Prices $1 Billion Senior Notes Offering.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Rogers Communications Inc. ("Rogers") announced that it has priced an offering of $1.0 billion of debt securities, consisting of $500 million aggregate principal amount of 5.38% Senior Notes due 2019 and $500 million aggregate principal amount of 6.68% Senior Notes due 2039. The ten year Senior Notes due 2019 were priced at $999.31 per $1,000 principal amount, for an effective yield of 5.389% per annum if held to maturity and the thirty year Senior Notes due 2039 were priced at $998.97 per $1,000 principal amount, for an effective yield of 6.688% per annum if held to maturity.
The net proceeds from the offering will be approximately $993 million, which are ...