SAN FRANCISCO (dpa-AFX) - Cisco Systems Inc. (CSCO) announced the pricing of five series of senior unsecured notes in an aggregate principal amount of $6.25 billion. The company expects offering to close on September 20, 2016.
Of these notes, $500 million will mature in September 2019 and will bear interest at a floating rate equal to three-month LIBOR plus 34 basis points, $1.5 billion will mature in September 2019 and will bear interest at an annual rate of 1.400%, $2 billion will mature in September 2021 and will bear interest at an annual rate of 1.850%, $750 million will mature in September 2023 and will bear interest at an annual rate of 2.200% and $1.5 billion will mature in September 2026 and will bear interest at an annual rate of 2.500%.
Cisco intends to use offering net proceeds for general corporate purposes.
Copyright RTT News/dpa-AFX