Chicago, Dec. 8 – Rogers Communications Inc. sold C$2 billion of fixed-to-fixed subordinated notes due 2081 (Baa3/BBB-/BBB-), according to a press release.
The starting coupon rate is 5%.
Proceeds will be used to fund a portion of the cash investment required to acquire the 2500 MHz spectrum licenses that it was awarded following the ISED’s spectrum auction earlier in the year.
The notes were offered as a Canadian private placement.
Rogers Communications is a Toronto-based communications and media company.
Issuer: | Rogers Communications Inc.
|
Amount: | C$2 billion
|
Issue: | Fixed-to-fixed subordinated notes
|
Maturity: | 2081
|
Coupon: | 5% starting rate
|
Trade date: | Dec. 8
|
Settlement date: | Dec. 17
|
Ratings: | Moody’s: Baa3
|
| S&P: BBB-
|
| Fitch: BBB-
|
Distribution: | Canada private placement
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.