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Bell Canada 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, March 7, 2018 /CNW Telbec/ - Bell Canada (Bell) today announced the public offering of Cdn $500 million of MTN Debentures pursuant to its medium term notes (MTN) program. The $500 million 3.35% MTN Debentures, Series M-47, will be dated March 12, 2018, will mature on March 12, 2025, and will be issued at a price of $99.851 per $100 principal amount to yield 3.374%. 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 $300 million principal amount of 5.52% Series M-33 Debentures, due February 26, 2019, and for the repayment of other short-term debt. The MTN Debentures are being publicly offered in all provinces of Canada through a syndicate of agents. The MTN Debentures offering is expected to close on March 12, 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 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 news release shall not constitute an offer to sell securities in the United States. The MTN Debentures are being issued pursuant to a Short Form Base Shelf Prospectus dated September 20, 2016 ad a Prospectus Supplement dated September 30, 2016. 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 |