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Bell Canada to offer up to C$3B in MTN debentures

Date Closed

June 19, 2018

Lead Office

Montréal

Value

3.00 Billion CAD

On June 19, 2018, Bell Canada announced that it has filed a prospectus supplement with the various securities regulatory authorities in Canada and the United States to renew Bell's Medium Term Notes (MTN) program, which was completed by a syndicate of dealers. Under the program, Bell may offer, from time to time, up to C$3 billion in MTN debentures until April 20, 2020. Bell has also entered into a dealer agreement under which certain dealers will act as agents for future offerings of the MTN program, which was renewed to provide Bell with continued financial flexibility and efficient access to Canadian and U.S. capital markets.

The syndicate of dealers included Barclays Capital Canada Inc., BMO Nesbitt Burns Inc., Casgrain & Company Limited, CIBC World Markets Inc., Citigroup Global Markets Canada Inc., Desjardins Securities Inc., Merrill Lynch Canada Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.

Bell is Canada’s largest communications company, providing residential, business and wholesale customers with a wide range of solutions to all their communications needs, including the following: wireless, television, internet, home phone, and small and medium-sized business and large enterprise communication services.

McCarthy Tétrault LLP advised the dealers with a team led by Fraser Bourne and Robert Hansen that included Thomas Etienne.

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