Cox to Sell $3B in Debt

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Cox Communications Inc. plans to sell $3 billion of notes in three parts, Reuters reported.

The transaction will be made up of $1 billion of five-year fixed-rate notes, $1.5 billion of 10-year fixed-rate notes and $500 million of three-year floating-rate notes, and it will be priced Friday, according to Reuters.

The deal is being joint-lead-managed by Citigroup Global Markets, J.P. Morgan Chase & Co. and Lehman Bros. Inc., Reuters reported.