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Charter Communications order books approaching $40bn - sources

Reuters - UK Focus

By Davide Scigliuzzo

NEW YORK, July 9 (IFR) - Order books on Charter Communications' six-part bond sale are approaching US$40bn, two sources with knowledge of the situation told IFR on Thursday.

The US cable giant emerged earlier in the day with a much-anticipated high-grade bond offering to help fund its US$56bn acquisition of larger rival Time Warner Cable (Xetra: T3W1.DE - news) . (Reporting by IFR team; Writing by Davide Scigliuzzo; Editing by Shankar Ramakrishnan)