Bell announces offering of Series M-53 MTN Debentures

Date Closed

August 14, 2020

Lead Office

Montréal

Value

750.00 Million CAD

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.

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