Aliant sets redemption dates, announces pricing

New York, June 28 - Aliant Telecom Inc. announced the redemption dates for several series of notes 4 and also disclosed pricing.

The Saint John, N.B., communications services company will redeem its:

• 10¾% first mortgage bonds, series T originally issued by Avalon Telephone Co., Ltd. and Newfoundland Telephone Co. Ltd. on June 30 at a price of C$1,396.83 per C$1,000 principal amount, or C$1,402.13 including accrued interest. The price was set using a 40 basis points spread over the comparable Government of Canada bond;

• 8.3% debentures, series 2, originally issued by Maritime Tel & Tel Ltd. and Maritime Telegraph and Telephone Co. Ltd., on July 4 at a price of C$1,345.15 per C$1,000 principal amount, or C$1,383.81 including accrued interest. The price was set using a 25 basis points spread over the comparable Government of Canada bond;

• 9.7% debentures, series 4, originally issued by Maritime Tel & Tel Ltd. and Maritime Telegraph and Telephone Co. Ltd., on July 4 at a price of C$1,504.74 per C$1,000 principal amount, or C$1,522.02 including accrued interest. The price was set using a 20 basis points spread over the comparable Government of Canada bond;

• 9.05% debentures, series 5, originally issued by Maritime Tel & Tel Ltd. and Maritime Telegraph and Telephone Co. Ltd., on July 4 at a price of C$1,556.01 per C$1,000 principal amount, or C$1,560.47 including accrued interest. The price was set using a 20 basis points spread over the comparable Government of Canada bond;

• 10.6% first mortgage bonds, series T, originally issued by Island Telephone Co., Ltd., on July 4 at a price of C$1,166.31 per C$1,000 principal amount, or C$1,215.97 including accrued interest. The price was set using a 50 basis points spread over the comparable Government of Canada bond;

• 11.15% first mortgage bonds, series U, originally issued by Island Telephone Co., Ltd., on July 4 at a price of C$1,215.06 per C$1,000 principal amount, or C$1,253.24 including accrued interest. The price was set using a 50 basis points spread over the comparable Government of Canada bond;

• 9.77% first mortgage bonds, series V, originally issued by Island Telephone Co., Ltd., on July 4 at a price of C$1,431.24 per C$1,000 principal amount, or C$1,464.70 including accrued interest. The price was set using a 50 basis points spread over the comparable Government of Canada bond; and

• 8.76% first mortgage bonds, series W, originally issued by Island Telephone Co., Ltd., on July 4 at a price of C$1,360.16 per C$1,000 principal amount, or C$1,400.96 including accrued interest. The price was set using a 50 basis points spread over the comparable Government of Canada bond.

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