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Vodafone Raises $1.1B In Debt Sale
Vodafone Group has raised $1.1 billion in a sale of senior unsecured notes.
Vodafone Grouphas raised $1.1 billion in a sale of senior unsecured notes,The Wall Street Journalreports. The notes were sold via bookrunnersBarclays,BNP Paribas,Morgan StanleyandMizuho.
The company intends to use the proceeds for general corporate purposes, which could include the repayment of outstanding debt securities. The $600 million notes sold in the first tranche carry a coupon rate of 2.875%, and are due to mature in 2016. The $500 million 10-year tranche was priced with a 4.375% coupon rate.
Click here for the story fromThe Wall Street Journal.