Canadian Tire to redeem all C$150 million in 12.1% debentures due 2010

By Devika Patel

Knoxville, Tenn., Sept. 21 - Canadian Tire Corp. Ltd. said it will redeem all C$150 million of its 12.1% debentures due May 10, 2010 on Oct. 22.

The company will pay C$1,062.62, plus C$54.70 in interest, per C$1,000 in debentures. Interest will be paid up to, but not including, the redemption date.

The trustee for the debentures is CIBC Mellon Trust Co. (800 387-0825 or inquiries@cibcmellon.com).

Based in Toronto, Canadian Tire operates more than 1,200 general merchandise and apparel retail stores and gas bars.

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