Bell Aliant to redeem all C$400 million of 4.95% notes on June 25

By Tali David

Minneapolis, June 14 - Bell Aliant, Inc. plans to redeem all C$400 million of its 4.95% medium-term notes due Feb. 26, 2014, according to a press release.

The notes will be redeemed at a price equal to the greater of the Canada yield price and their principal amount plus accrued interest on June 25.

Bell Aliant will fund the redemption with the proceeds from a 3.54% notes offering.

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

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