Ontrea releases C$1.2 billion 5.7%, 5.57% debentures redemption prices

By Melissa Kory

Cleveland, Dec. 2 - Ontrea Inc. said that its C$600 million of 5.7% series A debentures due Oct. 31, 2011 will be redeemed for $627,169,934.34, including $3,654,246.58 in interest and a $23,515,688 make-whole amount.

Ontrea's C$600 million of 5.57% series B debentures due April 9, 2013 will be redeemed for $656,004,308.94, including $5,585,260.27 in interest and a make-whole amount of $50,419,049.

The debentures will be redeemed on Dec. 9.

Canada Trust Co. is the redemption agent.

Ontrea is a wholly owned subsidiary of the Ontario Teachers' Pension Plan Board, a Toronto-based independent corporation responsible for investing assets and administering the pension of Ontario's teachers.

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