Air Canada Announces Completion Of Senior Debenture Issue

Air Canada today announced that it has completed its public offering of $175 million principal amount of 6.75 per cent senior debentures due 2004. The debentures were offered through a syndicate led by RBC Dominion Securities Inc. and including Lévesque Beaubien Geoffrion Inc., CIBC Wood Gundy Securities Inc., Merrill Lynch Canada Inc., Nesbitt Burns Inc., ScotiaMcLeod Inc., TD Securities Inc., Goldman Sachs Canada and Morgan Stanley Canada Limited. Air Canada will use the net proceeds from the offering to fund aircraft acquisitions and for general corporate purposes.