Canada’s Rogers to sell $2.2 billion in bonds to repay debt

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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 (NYSE:SJR) 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)