TMCnet News
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, Sept. 28, 2015 /CNW Telbec/ - Bell Canada (Bell) today announced the public offering of Cdn $1 billion of MTN Debentures pursuant to its medium term notes (MTN) program. The $1 billion 3.00% MTN Debentures, Series M-40, will be dated October 1, 2015, will mature on October 3, 2022, and will be issued at a price of Cdn $99.599 per $100 principal amount. The MTN Debentures will be fully and unconditionally guaranteed by BCE Inc. The net proceeds of this offering are intended to be used to fund the repayment of Bell Canada's $1 billion principal amount of 3.60% Debentures, Series M-21 due December 2, 2015. 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 October 1, 2015. 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 MTN Debentures have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States. This press release shall not constitute an offer to sell securities in the United States. The MTN Debentures re being issued pursuant to a Short Form Base Shelf Prospectus dated November 14, 2014 and a Prospectus Supplement dated February 10, 2015. 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 Clara's Big Ride for Bell Let's Talk and Bell Let's Talk Day, and significant Bell funding of community care and access, research, and workplace initiatives. To learn more, please visit Bell.ca/LetsTalk.
SOURCE Bell Canada |