Bell Aliant calls C$345 million outstanding 4.72% medium-term notes

By Marisa Wong

Madison, Wis., Sept. 13 - Bell Aliant Regional Communications, LP said it will redeem C$345 million of its 4.72% medium-term notes due Sept. 26, 2011 on Sept. 24.

The notes will be redeemed at a redemption price equal to the greater of the Canada Yield Price and par, together with accrued interest to but excluding the redemption date.

The Canada Yield Price is equal to the price of the notes calculated to provide a yield to maturity equal to the Government of Canada Yield plus 18 basis points on the third business day prior to the redemption date.

Compounded semiannually, the Government of Canada Yield used to calculate the redemption price will be the average of the rates calculated by two registered Canadian investment dealers selected by Bell Aliant.

The Halifax, N.S.-based company is a telephone and internet provider for Canadian provinces.

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