Advertisement

AT&T; said it is calling two Pacific Bell debt issues.

Share

The company said that, effective March 1, it will call the two outstanding issues for which AT&T; assumed financial responsibility at divestiture. The two issues are: $100 million of 40-year debentures maturing in 2020 with an interest rate of 15.5%, callable at 113.01% of face value; and, $200 million of eight-year notes due in 1988 with an interest rate of 15.125%, callable at 100.5% of face value. Both issues have five-year call protection provisions that expire March 1.

Advertisement