AT&T Calls Debt Issue.NEW YORK--(BUSINESS WIRE)--Oct. 30, 1998--AT&T today announced that it is notifying bondholders that it will call a long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. issue totaling $250 million for early redemption on November 30, 1998. The company said it expects to use cash on hand to fund the redemptions. The debentures, CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. 001957AE9, were issued August 1, 1967 with an interest rate of 6 percent and a final maturity of August 1, 2000. AT&T will redeem the debentures at 100 percent of face value plus interest accrued to the redemption date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. of $19.83 per $1,000 of principal amount. On and after the redemption date, interest on the debentures shall cease to accrue. Payment of principal and interest will be made upon presentation of the debentures to the redemption agent, State Street Bank and Trust Company The State Street Bank and Trust Company is a bank. It was a subsidiary of the State Street Corporation, until it sold off the retail banking portion of this unit in 1999 to Citizens Financial Group (a subsidiary of the Royal Bank of Scotland), of Providence, RI. . |
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