Bell Aliant Inc Announces Closing Of Preferred Share Offering


Thursday, 14 Feb 2013 09:22am EST 

Bell Aliant Inc announced that its subsidiary, Bell Aliant Preferred Equity Inc. (the Company), has closed the sale of 8,000,000 4.25 per cent Cumulative 5-Year Rate Reset Series E Preferred Shares (the Series E Preferred Shares) at a price of $25.00 per Series E Preferred Share for total gross proceeds of $200 million. This follows the Company's previously announced bought deal public offering led by Scotiabank, TD Securities Inc, and CIBC. The Series E Preferred Shares begin trading on the TSX under the symbol BAF.PR.E. 

Company Quote

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0.01 +0.04%
1:31pm EDT