Shaw Communications Announces $1.25-Billion Bond Issue

5:56 pm on September 28, 2009 | Category: Business, Corporate

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Calgary, Alberta-based cable giant, Shaw Communications, announced today that it plans to raise $1.25 billion through the sale of unsecured bonds.

The bonds will pay 5.65% and are redeemable in 2019. They will be made available to investors in Canada and the United States.

Proceeds from the bond issue will be used for potential acquisitions and to buy back maturing debt, as well as for general corporate purposes.

Shaw is the second largest cable company in Canada, and offers a full range of cable TV, broadband, and digital phone services, primarily in the western provinces.

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