TMCnet News
Bell announces offering of Series M-53 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 news release. MONTRÉAL, Aug. 11, 2020 /CNW/ - Bell Canada (Bell) today announced the public offering in Canada of Cdn $750 million aggregate principal amount of MTN Debentures pursuant to its medium term notes (MTN) program. The Cdn $750 million 1.65% MTN Debentures, Series M-53, will be dated August 14, 2020, will mature on August 16, 2027, and will be issued at a price of Cdn $99.993 per $100 principal amount for a yield to maturity of 1.651%. The MTN Debentures will be fully and unconditionally guaranteed by BCE Inc. Bell intends to use the net proceeds of this offering to fund the redemption of its Cdn $750 million principal amount of 3.15% Series M-30 Debentures, due September 29, 2021. 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 14, 2020, subject to customary closing conditions. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Series M-53 MTN 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 May 29, 2019 and a prospectus supplement dated June 6, 2019. 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 significant Bell funding of community care and access, research and workplace leadership initiatives throughout the country. To learn more, please visit Bell.ca/LetsTalk. Media inquiries: Caroline Audet Investor inquiries: Richard Bengian View original content:http://www.prnewswire.com/news-releases/bell-announces-offering-of-series-m-53-mtn-debentures-301110496.html SOURCE Bell Canada |