AT&T to redeem all of its 8.125% notes due 2012

By Tali David

Minneapolis, Nov. 29 -AT&T Inc. plans to redeem all of the 8.125% notes due May 1, 2012 of its New Cingular Wireless Services, Inc. subsidiary, according to an 8-K filing with the Securities and Exchange Commission.

The redemption date will be Dec. 28 and the price will be determined on Dec. 22.

AT&T said it expects the cash payment to be about $2.078 billion, including principal of $2 billion, accrued interest of $25 million, and a call premium of $53 million.

The redemption is expected to be funded by cash on hand, according to the filing.

U.S. Bank NA is the trustee.

AT&T is a Dallas-based telecommunications company.

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