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BellSouth Capital Funding Corp., 7 3/8% QUIBS Qrtly Int Bonds
Ticker Symbol: BLB** CUSIP: 079857207 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/30/2004
Security has been Called for: Sunday, August 1, 2004
June 22, 2004 -- BellSouth Corporation (as successor by merger to BellSouth Capital Funding Corporation), announced today that it will redeem all of its outstanding $517 Million Forty Year 7-3/8% Quarterly Interest Bonds, due August 1, 2039, on August 1, 2004. The redemption price will be 100% of the principal amount. Interest on the Bonds will cease to accrue on and after the redemption date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: BellSouth Capital Funding Corp., 7 3/8% Quarterly Interest Bonds (QUIBS), issued in $25 denominations under a support agreement with BellSouth Corp. (NYSE: BLS), redeemable at the issuer's option on or after 8/01/2004 at $25 per share plus accrued and unpaid interest, maturing 8/01/2039, distributions of 7 3/8% per annum are paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record on 1/15, 4/15, 7/15 & 10/15 respectively. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The bonds are unsecured general obligations of the company and will rank equally with all existing and future unsecured obligations of the company. See the IPO prospectus for further information on the bonds by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (T)
IPO - 8/2/1999 - 20.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $523.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1155 Peachtree Street N.E., Atlanta, GA 30309 |
| Main Phone Number |
404-249-2000 |
| Fax Number |
404-249-2071 |
| Investor Relations
Pattie Kushner
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404-249-2365
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| Toll Free Phone Number |
800-241-3419 |
| CEO - F. Duane Ackerman |
CFO - Mark E. Droege |
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