ROGERS|NNP COMMUNICATIONS|NNPS Inc.|NN said|VBD it|PRP plans|VBZ to|TO raise|VB 175|CD million|CD to|TO 180|CD million|CD Canadian|JJ dollars|NNS (|( US|NNP $|$ 148.9|CD million|CD to|TO $153.3|NN million|CD )|) through|IN a|DT private|JJ placement|NN of|IN perpetual|JJ preferred|JJ shares|NNS .|. 
Perpetual|JJ preferred|JJ shares|NNS are|VBP n't|RB retractable|JJ by|IN the|DT holders|NNS ,|, the|DT company|NN said|VBD .|. 
Rogers|NNP said|VBD the|DT shares|NNS will|MD be|VB convertible|JJ into|IN Class|NN B|NNP shares|NNS ,|, but|CC that|IN the|DT company|NN has|VBZ the|DT option|NN to|TO redeem|VB the|DT shares|NNS before|IN a|DT conversion|NN takes|VBZ place|NN .|. 
A|DT spokesman|NN for|IN the|DT Toronto|NNP cable|NN television|NN and|CC telecommunications|NNS concern|NN said|VBD the|DT coupon|NN rate|NN has|VBZ n't|RB yet|RB been|VBN fixed|VBN ,|, but|CC will|MD probably|RB be|VB set|VBN at|IN around|IN 8|CD %|NN .|. 
He|PRP declined|VBD to|TO discuss|VB other|JJ terms|NNS of|IN the|DT issue|NN .|. 

