Yell Finance to redeem 10¾% notes, 10¾% sterling notes, 13½ notes

By Jennifer Chiou

New York, May 5 - Yell Finance BV announced the redemption of its 10¾% senior sterling notes due 2011, its 10¾% senior dollar notes due 2011 and its 13½% senior discount dollar notes due 2011, according to a 6-K filing with the Securities and Exchange Commission.

The company will redeem the 10¾% sterling notes at £1,098.04 per £1,000 of securities, the 10¾% dollar notes at $1,097.54 per $1,000 principal amount and the 13½% notes at $1,130.78 per $1,000 principal amount on June 2.

The Band of New York is the trustee, transfer agent and paying agent.

On April 28, parent company Yell Group plc said it had entered into an agreement with Telefonica SA to acquire its stake in Telefonica Publicidad e Informacion SA via a cash public tender offer for the issued share capital of the company.

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