TORONTO, Dec. 08, 2021 (GLOBE NEWSWIRE) — Rogers Communications Inc. ("RCI") announced today that it has priced a Canadian offering of $2 billion aggregate principal amount of 5.0% fixed-to-fixed rate subordinated notes due 2081 (the "Notes"). The net proceeds from the issuance of the Notes will be approximately $1.98 billion. RCI expects to use the net proceeds of this Canadian offering to fund a portion of the cash investment required to acquire the 3500 MHz spectrum licences that it was awarded following the ISED's spectrum auction earlier this year. The sale of the Notes is expected to close on December 17, 2021.