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Rogers Communications prices C$1.5B debt offering

Rogers Communications Inc. priced a Canadian offering of C$1.5 billion of 3.65% senior notes due 2027.

The offering is expected to close March 31.

The net proceeds from the issuance of the notes will be about C$1.48 billion. The company will use the net proceeds from the offering for general corporate purposes, which may include the repayment of maturing short-term debt or other borrowings.