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Published on 9/7/2023 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

New Issue: Rogers Communications prices C$3 billion of notes in four parts

Chicago, Sept. 7 – Rogers Communications Inc. priced C$3 billion of senior notes in four parts, according to a press release.

The offer included C$500 million of 5.65% senior notes due 2026, C$1 billion of 5.7% senior notes due 2028, C$500 million of 5.8% senior notes due 2030 and C$1 billion of 5.9% senior notes due 2033.

Proceeds will be used for general corporate purposes, which may include repaying short-term debt and other borrowings.

The notes were offered to persons resident in a Canadian through a syndicate of agents.

Rogers Communications is a Toronto-based communications and media company.

Issuer:Rogers Communications Inc.
Amount:C$3 billion
Issue:Senior notes
Trade date:Sept. 7
Settlement date:Sept. 21
Distribution:Private placement in Canada
2026 notes
Amount:C$500 million
Maturity:2026
Coupon:5.65%
2028 notes
Amount:C$1 billion
Maturity:2028
Coupon:5.7%
2030 notes
Amount:C$500 million
Maturity:2030
Coupon:5.8%
2033 notes
Amount:C$1 billion
Maturity:2033
Coupon:5.9%

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