Bell announces offering of Series M-53 MTN Debentures
On August 11, 2020, Bell Canada (Bell), as issuer, and TD Securities Inc., BMO Nesbitt Burns Inc., Desjardins Securities Inc., National Bank Financial Inc., as co-lead dealers, closed the public offering of C$750 million aggregate principal amount of MTN Debentures that will mature on August 16, 2027, and will be issued at a price of C$99.993 per $100 principal amount for a yield to maturity of 1.651% and be fully and unconditionally guaranteed by BCE Inc., with intent of funding the redemption of its C$750 million principal amount of 3.15% Series M-30 Debentures, due September 29, 2021.
TD Securities Inc. is a Canadian investment bank and financial services provider that offers advisory and capital market services to corporate, government, and institutional clients worldwide.
BCE Inc is a publicly traded telecommunications holding company for the Bell Canada corporate group and for various mass media assets under BCE's subsidiary, Bell Media.
McCarthy Tétrault advised TD Securities Inc. with a team led by Fraser Bourne that included Isabelle Nazon and Camille Paquette (Business) and Grant Buchanan (Regulatory).
