Canadian carrier Rogers Communications Inc. announced this week that it has priced a Canadian offering of US$1.4 billion aggregate principal amount of 5.0 percent fixed-to-fixed rate subordinated notes due 2081. The net proceeds will be used to acquire the 3500 MHz spectrum licenses that it was awarded following the ISED’s spectrum auction earlier this year. The sale of the notes is expected to close on December 17, 2021. According to Bloomberg, it is one of the most widely distributed deals in the Canadian dollar bond market this year.
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