The Canadian ISP Bell Aliant announced yesterday that it has agreed to sell C$300m in medium-term notes maturing in 2018.
The notes will carry a coupon of 4.88% and will be issued at a discount. The issue is set to close on 26 April.
The co-lead managers…
The Canadian ISP Bell Aliant announced yesterday that it has agreed to sell C$300m in medium-term notes maturing in 2018.
The notes will carry a coupon of 4.88% and will be issued at a discount. The issue is set to close on 26 April.
The co-lead managers and joint bookrunners are CIBC World Markets, National Bank Financial and RBC Dominion Securities.
Bell Aliant said in a statement that “all or substantially all” of the proceeds from the issue would be used to make a partial redemption of its 4.72% notes due in September 2011. Any remaining proceeds will be used for general corporate purposes.
Bell Aliant provides internet, fixed-line telephone and digital TV services.
It was created by joining together Bell Canada’s regional wireline business in Ontario and Quebec, Bell’s interest in Bell Nordiq, the Aliant wireline business and the IT company, xwave.
