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.
MONTRÉAL, Aug. 8, 2023
/PRNewswire/ - Bell Canada (Bell)
today announced the public offering in Canada of Cdn $1.0 billion aggregate
principal amount of MTN Debentures in two series pursuant to its
medium term notes (MTN) program.
The Cdn $600 million 5.15% MTN Debentures, Series M-60,
will be dated August 11, 2023, will
mature on November 14, 2028 and will
be issued at a price of Cdn $99.917
per $100 principal amount for a yield
to maturity of 5.170%. The Cdn $400 million 5.60% MTN
Debentures, Series M-61, will be dated August 11, 2023, will mature on August 11, 2053 and will be issued at a price of
Cdn $99.726 per $100 principal amount for a yield to maturity of
5.619%. The MTN Debentures will be fully and unconditionally
guaranteed by BCE Inc. Bell Canada
intends to use the net proceeds of this offering for the repayment
of short-term debt and for 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
these MTN Debentures is expected to occur on August 11, 2023, 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 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 March 7,
2022 and a prospectus supplement dated May 19, 2022. 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 Canada's largest communications company1,
providing advanced broadband wireless, TV, Internet, media and
business communication services throughout the country. 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 with a commitment to the
highest environmental, social and governance (ESG) standards. This
includes the Bell Let's Talk initiative, which 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.
________________________________
|
1 Based
on total revenue and total combined customer connections
|
Media inquiries
Ellen
Murphy
ellen.murphy@bell.ca
Investor inquiries
Richard Bengian
richard.bengian@bell.ca
Caution Concerning Forward-Looking
Statements
Certain statements made in this news release constitute
forward-looking statements, including, but not limited to,
statements relating to the expected timing and completion of the
proposed sale of MTN Debentures, the intended use of the net
proceeds of such sale and other statements that are not historical
facts. All such forward-looking statements are made pursuant to the
"safe harbour" provisions of applicable Canadian securities laws
and of the United States
Private Securities Litigation Reform Act of 1995.
Forward-looking statements, by their very nature, are subject to
inherent risks and uncertainties and are based on several
assumptions, both general and specific, which give rise to the
possibility that actual results or events could differ materially
from our expectations expressed in or implied by such
forward-looking statements. These statements are not guarantees of
future performance or events and we caution you against relying on
any of these forward-looking statements. The forward-looking
statements contained in this news release describe our expectations
at the date of this news release and, accordingly, are subject to
change after such date. Except as may be required by applicable
securities laws, we do not undertake any obligation to update or
revise any forward‑looking statements contained in this news
release, whether as a result of new information, future events or
otherwise. Forward-looking statements are provided herein for the
purpose of giving information about the proposed offering referred
to above. Readers are cautioned that such information may not be
appropriate for other purposes. The timing and completion of the
abovementioned proposed sale of the MTN Debentures is subject to
customary closing terms and other risks and uncertainties.
Accordingly, there can be no assurance that the proposed sale of
the MTN Debentures will occur, or that it will occur at the
expected time indicated in this news release.
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SOURCE Bell Canada