Date Closed

September 10, 2019

Lead Office

Montréal

Value

550.00 Million CAD

On September 10, 2019, Bell Canada completed a public offering through a syndicate of agents of C$550 million aggregate principal amount of 2.90% Series M-50 MTN debentures, due September 10, 2029. Bell intends to use the net proceeds of the offering to repay short-term debt.

The agents were led by BMO Nesbitt Burns Inc., Desjardins Securities Inc., National Bank Financial Inc. and TD Securities Inc., as joint bookrunners, and included CIBC World Markets Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Barclays Capital Inc., Citigroup Global Markets Canada Inc. and Casgrain & Company Limited.

Bell is the largest communications company in Canada and provides advanced broadband wireless, TV, Internet and business communication services across the nation.

McCarthy Tétrault LLP advised the agents with a team led by Fraser Bourne that included Robert Hansen, Isabelle Nazon and Loïc Sanscartier.