Loblaw to Raise $340M in Debt Sale

Loblaw here this week said it would issue around $340 million (U.S.) in medium-term notes.

BRAMPTON, Ontario — Loblaw here this week said it would issue around $340 million (U.S.) in medium-term notes.

The notes pay a fixed rate of 5.22% until maturity in June of 2020. Proceeds of the sale would go toward pre-funding $350 million of indebtedness maturing in January of 2011, the company said.

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