Qwest offering 9-year
bonds at 7.5 percent
Rocky Mountain News
Friday, June 24, 2005
Qwest Communications said Thursday it is taking advantage of strong market demand to offer $200 million of nine-year bonds carrying an interest rate of 7.50 percent. The offering comes in addition to a recent sale of $1.75 billion of bonds, which had been increased from an original $1.25 billion.
"We continue to see strong market demand at all levels of our capital structure," Qwest Chief Financial Officer Oren Shaffer said in a statement. The Denver telco is using the proceeds in part to repay higher-interest debt.