Bell Canada completes a public offering of C$1.25 billion aggregate principal amount of 5.625% Fixed-to-Fixed Rate Junior Subordinated Notes, Series C, due 2055

On March 27, 2025, Bell Canada ("Bell") completed a public offering of C$1.25 billion aggregate principal amount of 5.625% Fixed-to-Fixed Rate Junior Subordinated Notes, Series C, due 2055 (the “Notes”).

The Notes were offered through an agency syndicate consisting of BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc., Scotia Capital Inc., TD Securities Inc. as lead agents, as well as CIBC World Markets Inc., RBC Dominion Securities Inc., Desjardins Securities Inc., National Bank Financial Inc., Barclays Capital Canada Inc., Citigroup Global Markets Canada Inc., Mizuho Securities Canada Inc., SMBC Nikko Securities Canada, Ltd., Wells Fargo Securities Canada, Ltd and Casgrain & Company Limited as agents. The Notes will be fully and unconditionally guaranteed by BCE Inc.

McCarthy Tétrault advised the syndicate of agents with a team led by Fraser Bourne that included Vincent Laurin, Janie L.-Roy and Karolina Kasparov (Business), François Gilbert (Financial services), and Christian Meighen and Julien Leblanc (Tax).