Date Closed

September 14, 2018

Lead Office

Montréal

Value

400.00 Million USD

On September 14, 2018, Bell Canada (Bell) closed the public offering of US$400 million aggregate principal amount of 4.464% Series US-1 Notes due 2048 (the Notes).

The Notes represent a re-opening of, and will form a single series with, Bell's outstanding 4.464% Series US-1 Notes due 2048 in the principal amount of US$750 million that were issued on March 29, 2018.   The Notes were priced at US$98.768 per US$100 principal amount plus accrued interest for an effective yield of 4.540% per annum and will mature on April 1, 2048. The Notes will be fully and unconditionally guaranteed by BCE Inc.

The net proceeds of the offering are intended to be used to fund the redemption of Bell's C$200 million principal amount of 5.625% Series 8 Notes, due December 16, 2019, for the repayment of short-term debt and for general corporate purposes.

McCarthy Tétrault LLP advised the syndicate of dealers with a team led Fraser Bourne that included Isabelle Nazon.