Cisco Prices $4 Billion of Senior Unsecured Notes

Cisco announced the pricing of three series of senior unsecured notes for an aggregate principal amount of $4 billion. The offering is expected to close on March 16, 2011.Of these notes, $2.0 billion will mature in March 2014 and will bear interest at an annual rate of 1.625%, $1.25 billion will mature in March 2014 and will bear interest at a floating rate equal to three-month LIBOR plus 25 basis points, and $750 million will mature in March 2017 and will bear interest at an annual rate of 3.150%.

Cisco intends to use the net proceeds from this offering for general corporate purposes.
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