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Bell announces offering of MTN DebenturesThis news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Concerning Forward-Looking Statements" later in this release. MONTRÉAL, Aug. 16, 2018 /CNW Telbec/ - Bell Canada (Bell) today announced the public offering of Cdn $1.0 billion of MTN Debentures pursuant to its medium term notes (MTN) program. The $1.0 billion 3.80% MTN Debentures, Series M-48, will be dated August 21, 2018, will mature on August 21, 2028, and will be issued at a price of $99.885 per $100 principal amount to yield 3.814%. The MTN Debentures 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 Canada's $1.0 billion principal amount of 3.35% Series M-25 Debentures, due June 18, 2019. The MTN Debentures are being publicly offered in all provinces of Canada through a syndicate of agents. Closing of the offering of the MTN Debentures is expected to occur on August 21, 2018. There shall be no offer, solicitation or sale of securities of Bell in any jurisdiction in which such an offer, solicitation or sale would be unlawful. The Series M-48 Debentures have not been and will not be registered under the U.S. Securities Act of 1933, as amended (U.S. Securities Act), or any state securities laws and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as defined in Regulation S under the U.S. Securities Act). The MTN Debentures are being issued pursuant to a Short Form Base Shelf Prospectus dated March 20, 2018 and a Prosectus Supplement dated June 19, 2018. Bell will file a pricing supplement relating to this issue with the securities regulatory authorities in all provinces of Canada. Caution Concerning Forward-Looking Statements About Bell The Bell Let's Talk initiative promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let's Talk Day, and provides significant Bell funding of mental health care and access, research and workplace leadership initiatives. To learn more, please visit Bell.ca/LetsTalk. Media inquiries: Jean Charles Robillard Investor inquiries: Thane Fotopoulos
SOURCE Bell Canada |