Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Loblaw Cos. Ltd. > News item |
DBRS assigns Loblaw notes BBB
DBRS said it assigned BBB (high) ratings to Loblaw Cos. Ltd.’s C$400 million of 5.008% senior unsecured notes due Sept. 13, 2032, and to its C$400 million of 5.336% senior unsecured notes due Sept. 13, 2052.
The BBB (high) ratings are based on an already-outstanding series of the above-mentioned debt instrument, the agency said.
Loblaw intends to use the proceeds to fund the redemption of its C$800 million of 4.86% medium-term notes due Sept. 12, 2023, and for general corporate purposes.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.