Bell Aliant issues $350M medium term notes

HALIFAX – Bell Aliant has announced plans to issue $350 million in medium term notes.The notes, which are scheduled to mature on September 13, 2017, will be issued at a discount and carry a coupon of 4.37%. All or substantially all of the net proceeds from the issuance of the notes are intended to be used to make a partial redemption of the 4.72% medium term notes due September 26, 2011, and any remaining proceeds are expected to be used for working capital and general corporate purposes.www.bellaliant.ca