Canadian triple play operator Bell Aliant is selling C$400m (US$392m) notes which carry a coupon of 3.54% and are set to mature in 2020.
BMO Capital Markets, RBC Capital Markets and Desjardins Securities are acting as co-lead managers and BMO Capital…
Canadian triple play operator Bell Aliant is selling C$400m (US$392m) notes which carry a coupon of 3.54% and are set to mature in 2020.
BMO Capital Markets, RBC Capital Markets and Desjardins Securities are acting as co-lead managers and BMO Capital Markets and RBC Capital Markets will be joint bookrunners for the offering.
Proceeds from the sale will be used to redeem Bell Aliant’s 4.95% medium term notes set to mature next February. It expects to complete the issuance on Friday.
In February Bell Aliant sold 8 million 4.25% cumulative 5-year rate reset series E preferred shares raising C$200m. It used proceeds to repay short-term debt.
The operator offers broadband, fixed-line telephony and cable television in eastern Canada. Its managing shareholder is Bell Canada, which has a 44% stake in the company.
