6.125% notes which mature on February 15, 2006. The offering is expected to close on February 8, 2001

February 1, 2001

1 Min Read

TORONTO -- Nortel Networks* Limited ("NNL") announced an offering of US$1.5 billion of 6.125% Notes which mature on February 15, 2006. The offering is expected to close on February 8, 2001.

The securities are being offered pursuant to a prospectus supplement dated February 1, 2001 and accompanying prospectus related to an effective shelf registration statement filed with the United States Securities and Exchange Commission by NNL. NNL will apply the net proceeds of the offering to its general funds to be used for general corporate purposes as well as investments in and/or loans to its affiliates, which in turn will use the funds for general corporate purposes. JP Morgan and Salomon Smith Barney are joint lead managers of the issue.

http://www.nt.com

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