OTTAWA, April 30 /CNW Telbec/ - NAV CANADA today has agreed to sell
C$250 million of 3-year General Obligation Notes. The Notes, which will mature
on May 3, 2010, bear interest at a floating rate equal to the three-month
bankers' acceptance rate plus 0.06 per cent per annum, with closing scheduled
to occur May 3, 2007.
The proceeds of these Notes will be applied to the repayment of the
Company's $250 million series MT 1-4 Medium Term Notes maturing on May 7,
NAV CANADA, the country's civil air navigation services provider, is a
private sector, non-share capital corporation financed through publicly-traded
debt. With operations coast to coast, NAV CANADA provides air traffic control,
flight information, weather briefings, aeronautical information services,
airport advisory services and electronic aids to navigation.
For further information:
For further information: John Morris, Director, Communications, (613)
563-7032; Ron Singer, Communications Advisor, (613) 563-7303