Bell Aliant announces Redemption Price for 4.72% Medium Term Notes due September 2011
HALIFAX,
Bell Aliant Regional Communications, Limited Partnership ("Bell Aliant LP") announced on September 13,
2010 that it would make a partial redemption of the 4.72 per cent medium term notes due September 26,
2011 (the "2011 Notes") on September 24, 2010 (the "Redemption Date"). Today, Bell Aliant LP has
determined the redemption price according to the method and process outlined in the trust indenture for the
2011 Notes.
The redemption price is equal to the greater of the Canada Yield Price and their principal amount, together
with accrued and unpaid interest to but excluding the Redemption Date. The Canada Yield Price is a price
equal to the price of the 2011 Notes calculated to provide a yield to maturity equal to the Government of
Canada Yield plus 0.18 per cent determined today, the third business day prior to the Redemption Date.
The Government of Canada Yield is the yield to maturity, compounded semi-annually, which a non-callable
Government of Canada Bond would carry if issued, in Canadian dollars in Canada, at 100 per cent of its
principal amount with a term to maturity equal to the remaining term to maturity of the 2011 Notes. The
Government of Canada Yield used to calculate the redemption price of the 2011 Notes is the average of the
rates calculated by two registered Canadian investment dealers selected by Bell Aliant LP.
The following is the redemption price per C$1,000 of the principal amount of the 2011 Notes:
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Average Government of Canada Yield 1.346%
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Premium 0.180%
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Tender yield 1.526%
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Canada Yield Price C $1031.75
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Accrued and unpaid interest to September 24, 2010 C $23.54
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Total Redemption Price C $1055.29
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Forward-looking statements
This news release contains forward-looking statements concerning future events and expectations,
specifically relating to the planned redemption of a portion of the outstanding 2011 Notes. These statements
describe management's expectations at September 21, 2010. These statements are based on
management's beliefs regarding future events, and are subject to risks and uncertainties that are beyond
management's control. Therefore, actual events may differ materially from what is predicted. Assumptions
made and risk factors considered in preparing our forward-looking statements are discussed in detail in Bell
Aliant's fourth quarter 2009 earnings and 2010 guidance news release dated February 3, 2010, as well as
in Bell Aliant Regional Communications Income Fund's and Bell Aliant Regional Communications Holdings,
Limited Partnership's 2009 annual management's discussion and analysis (MD&A) and annual information
forms, and their first and second quarter 2010 MD&As, which are available at www.bellaliant.ca or at
www.sedar.com. The planned redemption of a portion of the outstanding 2011 Notes is subject to the
satisfaction of all requirements to enable a partial redemption of the 2011 Notes. All forward-looking
statements in this news release are qualified by these cautionary statements, and there can be no
assurance that the results or events predicted will be realized. Except as may be required by Canadian
securities laws, Bell Aliant disclaims any intention and assumes no obligation to update or revise any
forward-looking statement even if new information becomes available, as a result of future events or for any
other reason. Readers should not place undue reliance on any forward-looking statements.
This news release is for informational purposes only and does not constitute an offer to sell or a solicitation
of an offer to purchase securities of Bell Aliant LP in any jurisdiction.
About Bell Aliant
Bell Aliant (TSX: BA.UN) is one of North America's largest regional communications providers and the first
company in Canada to cover an entire city with fibre-to-the-home (FTTH) technology with its FibreOP(TM)
services. Through its operating entities it serves customers in six Canadian provinces with innovative
information, communication and technology services including voice, data, Internet, video and value-added
business solutions. Through its xwave offices, Bell Aliant also provides IT professional services and
advanced technology solutions. Bell Aliant's employees are committed to deliver the highest quality of
customer service, choice and convenience. More information can be found at www.bellaliant.ca.
%SEDAR: 00023938EF
For further information:
Media Relations: Alyson Queen, 866-696-6700, alyson.queen@bellaliant.ca;
Investor Relations: Zeda Redden, 877-487-5726, zeda.redden@bellaliant.ca
SOURCE Bell Aliant