Alcatel-Lucent to raise up to $1.4B in bond sale

Alcatel-Lucent said it plans to raise as much as $1.4 billion by issuing convertible bonds, which will help finance its debt. The company, which reported a quarterly profit (mainly on asset sales) in the second quarter for the first time since the company was formed in 2006,  is in the middle of a restructuring plan. The move has been viewed by some as a positive step, since it will put the firm in a better financial position. Alcatel-Lucent has around $5.69 billion in long-term debt. Article

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