Exhibit 99.1
This 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.
Bell announces offering of
MTN Debentures
MONTRÉAL, May 21, 2024Bell Canada (Bell) today announced the public offering in Canada of Cdn $1.5 billion
aggregate principal amount of MTN Debentures in two series pursuant to its medium term notes (MTN) program.
The Cdn $400 million 5.60% MTN
Debentures, Series M-61, which are being issued pursuant to a re-opening of an existing series of MTN Debentures, will be dated May 24, 2024, will mature on
August 11, 2053, and will be issued at a price of Cdn $101.936 per $100 principal amount plus accrued and unpaid interest from and including February 11, 2024 to, but excluding, May 24, 2024 in the amount of $1.58027397 per $100
principal amount to yield 5.465%.
The Cdn $1.1 billion 5.15% MTN Debentures, Series M-63, will be dated
May 24, 2024, will mature on August 24, 2034 and will be issued at a price of Cdn $99.646 per $100 principal amount for a yield to maturity of 5.196%.
The MTN Debentures will be fully and unconditionally guaranteed by BCE Inc. Bell Canada intends to use the net proceeds from the offering towards funding the
repayment of Bell Canada MTN Debenture debt maturing in the first quarter of 2025 and general corporate purposes.
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 May 24, 2024, 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-61 MTN Debentures and the Series M-63 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 U.S. 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 9, 2024 and a prospectus supplement dated
May 16, 2024. Bell Canada will file a pricing supplement relating to this issue with the securities regulatory authorities in all provinces of Canada.
About Bell
Bell is Canadas largest communications
company,1 providing advanced broadband Internet, wireless, TV, media and business communication services. Founded in Montréal in 1880, Bell is wholly owned by BCE Inc. To learn more, please
visit Bell.ca or BCE.ca.
Through Bell for Better, we are investing to create a better today and a better tomorrow by supporting the social and
economic prosperity of our communities. This includes the Bell Lets Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Lets 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.
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Based on total revenue and total combined customer connections. |