Thomson Reuters to raise $1.75 billion

The offer is for $750 million of bonds due in 2013 paying an annual interest rate of 5.95 per cent and $1 billion in 6.5 per cent bonds due in 2018. The offer closes on Friday.

The company plans to use the money to repay bank debt used by the former Thomson Corp to pay the cash portion of its cash-and-stock acquisition of Reuters on 17 April.

The deal was worth about $15.8 billion. ■