| 0 |
WSJ891102-0086
= 891102
891102-0086.
Financing Business:
@ Rogers Communications Inc.
11/02/89t26
WALL STREET JOURNAL (J)
RCI.B
| 1 |
ROGERS COMMUNICATIONS Inc.
saide1
it
planse2
to
raisee4
175 million
to
180 million Canadian dollars
(
US
$148.9 million to $153.3 million
) through a private
placemente5
of perpetual preferred shares.
| 2 |
Perpetual preferred shares aren't retractable by the holders, the company
saide7
.
| 3 |
Rogers
saide8
the shares will be
convertiblee27
into Class B shares, but that the company
hase29
the
optione11
to
redeeme13
the shares
befores15
a
conversione14
takese16
place.
| 4 |
A spokesman for the Toronto cable television and telecommunications concern
saide17
the coupon rate has n't yet been
fixede18
, but will probably be
sete20
at around
8%
.
| 5 |
He
declinede21
to
discusse23
other terms of the issue.
| | | | | |