Bell Canada to redeem all C$500 million of 5.41% debentures due 2016

By Tali Rackner

Norfolk, Va., March 18 – Bell Canada plans to redeem all C$500 million of its 5.41% series M-32 debentures due Sept. 26, 2016, according to a press release.

The debentures will be redeemed at a price equal to the greater of par and the Canada yield price, plus accrued interest, on March 31.

The Canada yield price is a price calculated to provide a yield to maturity equal to the yield to maturity of a comparable Government of Canada bond plus 33 basis points.

Bell Canada is a Montreal, Quebec-based telecommunications company.

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