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Bell Canada announces re-opening of Series US-1 NotesThis 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. 11, 2018 /CNW Telbec/ - Bell Canada (Bell) today announced the public offering of US$400,000,000 aggregate principal amount of 4.464% Series US-1 Notes due 2048 (the Notes). The Notes represent a re-opening of, and will form a single series with, Bell's outstanding 4.464% Series US-1 Notes due 2048 in the principal amount of US$750,000,000 that were issued on March 29, 2018. Bell expects to close the offering on September 14, 2018, subject to customary closing conditions. The Notes were priced at US$98.768 per US$100 principal amount plus accrued interest for an effective yield of 4.540% per annum and will mature on April 1, 2048. The Notes 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's CA$200,000,000 principal amount of 5.625% Series 8 Notes, due December 16, 2019, for the repayment of short-term debt and for general corporate purposes. The debt offering is being made in the United States pursuant to a prospectus supplement to Bell's short form base shelf prospectus dated March 20, 2018 filed with the Securities and Exchange Commission as part of an effective shelf registration statement on Form F-10. The Notes are not being offered in Canada or to any resident of Canada. The joint book-running managers of the debt offering are Barclays Capital Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Scotia Capital (USA) Inc. A copy of the prospectus supplement and the accompanying prospectus for the offering may be obtained by contacting: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, toll-free: (888) 603-5847, email: [email protected]; BMO Capital Markets Corp., 3 Times Square, 25th Floor, New York, NY 10036, Attn: US Syndicate, toll-free: (866) 864-7760, email: [email protected]; Citigroup Glbal Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, toll-free: (800) 831-9146, email: [email protected]; Merrill Lynch, Pierce, Fenner & Smith Incorporated, 200 North College Street, NC1-004-03-43, Charlotte, NC 28255-0001, Attn: Prospectus Department, toll-free: (800) 294-1322, email: [email protected]; and Scotia Capital (USA) Inc., 250 Vesey Street, New York, NY, 10281, Attn: Debt Capital Markets/Chief Legal Officer, toll-free: (800) 372-3930, email: [email protected]. 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 prior to registration or qualification under the securities laws of any such jurisdiction. 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: Marie-Eve Francoeur Investor inquiries: Thane Fotopoulos
View original content:http://www.prnewswire.com/news-releases/bell-canada-announces-re-opening-of-series-us-1-notes-300710780.html SOURCE Bell Canada |