Bell Atlantic Announces Redemption of 40-Year Debentures

Full Transparency

Our editorial transparency tool uses blockchain technology to permanently log all changes made to official releases after publication.

More of our content is being permanently logged via blockchain technology starting [10.23.2020].

Learn more

We're committed to building trust.

Going forward more of our content will be permanently logged via blockchain technology—enabling us to provide greater transparency with authoritative verification on all changes made to official releases.

Learn more

Bell Atlantic Announces Redemption of 40-Year Debentures

July 24, 1998

Media
contact:

Jim Crosson,
(212) 395-2285

NEW YORK -- Bell Atlantic (NYSE:BEL) today announced the redemption, on
August 24, 1998, of $60 million principal amount of 40-year 7 3/4% debentures, due
November 1, 2013, which were issued by Bell Atlantic - Washington, D.C., its wholly owned telephone subsidiary.

The company said it will redeem the entire outstanding principal amount of these debentures at the redemption price of 102.08% of the principal amount, together with interest accrued to the redemption date.

The company said that on and after August 24, 1998, interest on these debentures will cease to accrue.

Bell Atlantic -- formed through the merger of Bell Atlantic and NYNEX -- is at the forefront of the new communications and information industry. With more than 41 million telephone access lines and more than 7 million wireless customers worldwide, Bell Atlantic companies are premier providers of advanced wireline voice and data services, market leaders in wireless services and the world's largest publishers of directory information. Bell Atlantic companies are also among the world's largest investors in high-growth global communications markets, with operations and investments in 23 countries.

Related Articles

02.15.2021

Virtual Reality (VR) has begun to transform medicine in profound ways. VR solutions are being used to train doctors and to plan and practice operations.

10.23.2020

Verizon’s military discounts site shows everything you need to know about Wireless offers, FiOS savings and military career opportunities, all in one place, making it simple for service members and veterans to discover what Verizon has to offer.