Bell Canada completes public offering of C$600 M of Series M-49 MTN Debentures

Date Closed

May 13, 2019

Lead Office

Montréal

Value

600.00 Million CAD

On May 13, 2019, Bell Canada closed its public offering across all Canadian provinces of C$600 million aggregate principal amount of 2.75% MTN Debentures , Series M-49 pursuant to its medium term notes (MTN) program. It will mature on January 29, 2025 and will be issued at C$99.795 per $100 principal amount for a yield to maturity of 2.788%

Bell plans to apply the net proceeds from this Canadian offering, as well as its US$600 million offering, to the redemption of its C$1 million principal amount of 3.25% Debentures, Series M-27, due June 17, 2020 and to the redemption of its C$400 million principal amount of 3.54% Debentures, Series M?37, due June 12, 2020.

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

McCarthy Tétrault LLP advised CIBC World Markets Inc., lead of a syndicate of dealers, with a team led by Fraser Bourne that included Isabelle Nazon and Rob Hansen.

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