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Article: United States: Cisco Plans to Sell $5 Billion of Debt in Three Parts (Update2).
- Article from:
- TendersInfo
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. 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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Byline: babalu03
Cisco Systems Inc., the world s largest maker of networking equipment, plans to sell $5 billion of notes in its third debt offering since going public in 1990, according to a person familiar with the offering.
The issue will consist of $500 million of 5-year notes, $2.5 billion of 10-year securities and $2 billion of 30-year bonds, which may be sold as soon as today, said the person, who declined to be identified because terms aren t set.
Cisco has bought about 130 businesses in its 25-year history, using them to enter new markets, such as cable set-top boxes and home wireless routers. Chief Executive Officer John Chambers last ...