Télébec Issues Debentures

On November 5, 2003, Quebec-based Télébec, Limited Partnership, issued 5.75 per cent series AA debentures due on November 5, 2013 in the aggregate principal amount of $70 million. The debentures were sold by way of a private placement to Canadian financial institutions, and the proceeds from the issue will be used for the early redemption of Télébec’s 7.6 per cent series X debentures. Télébec is owned by Bell Canada and Bell Nordiq Income Fund. RBC Dominion Securities Inc., acted as lead agent, with a syndicate that included Scotia Capital Inc. and National Bank Financial Inc.

Télébec was represented in-house by Jacques DuBerger, chief legal and regulatory officer and corporate secretary, Bell Nordiq Group Inc., and general partner, Télébec; assisted by Borden Ladner Gervais LLP, with a team that included Frank Allen, John Godber, Tammy Shulman, Fred Enns and Catherine Guertin.
The agents were represented by Stikeman Elliott LLP, with a team that included Jean Marc Huot, Steeve Robitaille, Caroline Boutin and Benoît Dubord.