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Vodafone Raises $6 Billion in New Debt Issuance
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Vodafone has priced a debt issue that is seeking to raise US$6 billion for the company to roll over its existing debts and for general corporate purposes.
Half the new debt issuance has maturity dates ranging from 10 to 30 years. The rest is short term debt averaging 3 years maturity.
The US$8 billion debt offering is thought to be the largest single offering by any UK telecoms firm since records started being compiled back in 1995.
At the end of the third quarter of last year, Vodafone had $27 billion of long-term debt and US$8.6 billion of short-term debt
The company also had US$7.6 billion in cash and short term securities.
Tags: [vodafone]
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