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Search resuls for: "Canada's Rogers Communications"


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Canada's Rogers to sell $2.2 bln in bonds to repay debt
  + stars: | 2023-09-08 | by ( ) www.reuters.com   time to read: +1 min
The Rogers Building, the green-topped corporate campus of Canadian media conglomerate Rogers Communications is seen in downtown Toronto, Ontario, Canada July 9, 2022. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsSept 7 (Reuters) - Canada's Rogers Communications (RCIb.TO) said on Thursday it is pricing in a C$3 billion ($2.19 billion) bond offering to repay short-term debt and other borrowings. Rogers is selling its Canadian dollar-denominated senior bond in four parts, the telecoms company said in a statement, adding that the longest tranche of the offering, due for 2033, is priced at C$1 billion of 5.9% senior bonds. In March, Canada approved Rogers' buyout of Shaw Communications after securing binding commitments to pay financial penalties if it failed to create new jobs and invest to expand its network. ($1 = 1.3685 Canadian dollars)Reporting by Nilutpal Timsina in Bengaluru; Editing by Rashmi Aich and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
Persons: Chris Helgren, Rogers, Nilutpal, Rashmi Aich, Sherry Jacob, Phillips Organizations: Rogers, Rogers Communications, REUTERS, Canada's Rogers Communications, Shaw Communications, Thomson Locations: Toronto, Ontario, Canada, Bengaluru
TSX rises on boost from higher energy, metal prices
  + stars: | 2022-10-20 | by ( Shashwat Chauhan | ) www.reuters.com   time to read: +3 min
The Toronto Stock Exchange sign is seen in Toronto, Ontario, Canada July 6, 2017. ET (14:36 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 130.27 points, or 0.7%, at 18,804.67. Most of the sectoral indexes were trading higher, with energy (.SPTTEN) in the lead as crude prices rose on tighter supplies and news of China considering reducing the duration of quarantine for inbound visitors. "The market is very sensitive to this and an eventual peaking of short-term rates should provide a positive catalyst towards higher stock prices." Traders are now split evenly between a 75-bps and 50-bps rate hike when the Bank of Canada meets next week.
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