The US network infrastructure and data centre company Juniper Networks is making a US$1bn bond offering, which is expected to close tomorrow.
In a statement on Monday, Juniper said that the offering would be divided into three tranches.
There will be…
The US network infrastructure and data centre company Juniper Networks is making a US$1bn bond offering, which is expected to close tomorrow.
In a statement on Monday, Juniper said that the offering would be divided into three tranches.
There will be US$300m of senior notes due in 2016 and carrying an interest rate of 3.1%.
The second tranche will be US$300m of 4.6% senior notes due in 2021.
The third will be US$400m of 5.95% senior notes due in 2041.
The bookrunners are Barclays Capital, Citigroup and Morgan Stanley.
In its statement, Juniper said that Standard & Poor’s had assigned a BBB credit rating to Juniper and forecast a stable outlook for the bond offering.
Meanwhile, Moody’s had assigned a Baa2 credit rating to Juniper and also given a stable outlook for the bond offering.
