Comcast buying back some bonds


Come the day after Thanksgiving Comcast is buying back some of its outstanding public debt. It will redeem all of its $345 million outstanding of 7% Senior Notes due May 2055.

Obviously the current low interest rate environment is behind the decision to call debt which wouldn’t come due for another 43 years plus. Comcast will pay the full $25 face value per note, plus all accrued but unpaid interest.

The redemption will take place on Friday, November 25.