Emerges as a Leading Participant in Statewide Initiative to Help Schools Save Millions on Broadband Connectivity; Selected as Preferred Provider of Hosted Voice Services to Replace Aging Phone Systems
Average term to maturity now 11.1 years, compared to 10.9 years at the end of 2014 Average cost of long-term debt now 4.32 per cent, compared to 4.72 per cent at the end of 2014
– $600 million 10-year notes with 3.75 per cent interest rate – $400 million re-opening of 4.85 per cent notes maturing in 2044 – Average term to maturity now 11.1 years, compared to 10.9 years at the end of 2014 – Average cost of long-term debt now 4.32 per cent, compared to 4.72 per cent at the end of 2014 -Proceeds to repay outstanding commercial paper, fund upcoming debt maturity and for general corporate purposes
Innovative new offering makes it easier for Canadian businesses to harness the full potential of cloud technology to increase business agility and decrease IT costs