News Corp. Sets Debt Offering

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News Corp. said Tuesday that it will raise at least $1.5 billion in debt for general corporate purposes, Reuters reported.

The company priced $1 billion of 6.2% notes due 2034 at 99.551% of its issue price, and it said it will raise another $500 million-$750 million of 5.30% senior notes due 2014 at 99.682% of its issue price, according to Reuters.