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Rogers Communications reported to be marketing C$800 million bonds
By Stephanie N. Rotondo
Phoenix, May 30 - Rogers Communications Inc. is reportedly planning a two-tranche offering of bonds that will total at least C$800 million, according to market sources.
One source said the issue would consist of a five-year and 10-year issue. Another source said the five-year paper was talked at 165 basis points over the Canadian government benchmark, while the 10-year notes were at a 225 bps spread.
"It's being marketed right now," the second source said. "They're a regular issuer in Canada."
Other sources indicated the issue could come as large at C$1.25 billion.
The Vancouver, B.C.-based company is a diversified Canadian communications and media company.
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