New Issue: Rogers Communications prices $1 billion 3.7% 30-year notes at 142 bps over Treasuries

By Angela McDaniels

Tacoma, Wash., Oct. 28 – Rogers Communications Inc. priced $1 billion of 3.7% 30-year senior notes at a spread of 142 basis points over Treasuries on Monday, according to an FWP filing with the Securities and Exchange Commission.

The notes (Baa1/BBB+/BBB+) priced at 98.926 to yield 3.76%.

The bookrunners are Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC.

The notes are guaranteed by Rogers Communications Canada Inc.

Proceeds will be used to redeem all of the company’s $900 million of 4.7% senior notes due 2020.

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

Issuer:	Rogers Communications Inc.
Guarantor:	Rogers Communications Canada Inc.
Amount:	$1 billion
Description:	Senior notes
Maturity:	Nov. 15, 2049
Bookrunners:	Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC
Co-managers:	BMO Capital Markets Corp., CIBC World Markets Corp., National Bank of Canada Financial Inc., MUFG, SMBC Nikko Securities America, Inc., Mizuho Securities USA LLC and Wells Fargo Securities, LLC
Coupon:	3.7%
Price:	98.926
Yield:	3.76%
Spread:	Treasuries plus 142 bps
Call feature:	Make-whole call before May 15, 2049 at greater of par or Treasuries plus 25 bps; thereafter at par
Trade date:	Oct. 28
Settlement date:	Nov. 12
Ratings:	Moody’s: Baa1
	S&P: BBB+
	Fitch: BBB+
Distribution:	SEC registered

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