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For Immediate Release
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 release.
Bell announces offering of MTN Debentures
MONTRÉAL, September 24, 2014 Bell Canada (Bell) today announced the public offering of Cdn
$1.25 billion of MTN Debentures in two series pursuant to its medium term notes (MTN) program.
The $750 million 3.15% MTN Debentures, Series M-30, will be dated September 29, 2014, will mature
on September 29, 2021, and will be issued at a price of Cdn $99.602 per $100 principal amount. The
$500 million 4.75% MTN Debentures, Series M-31, will be dated September 29, 2014, will mature on
September 29, 2044 and will be issued at a price of Cdn $99.099 per $100 principal amount. The MTN
Debentures will be fully and unconditionally guaranteed by BCE Inc.
Approximately $1 billion of the net proceeds from the offering is intended to be used to fund
payment of the 25% cash consideration associated with BCEs privatization of Bell Aliant Inc., and
the balance 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 the MTN Debentures is expected to occur on September 29, 2014.
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 are being issued pursuant to a Short Form Base Shelf Prospectus dated May 17,
2013 and a Prospectus Supplement dated June 12, 2013. 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
Certain statements made in this news release are forward-looking statements. These statements
include, without limitation, 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. 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. As a result, we
cannot guarantee that any forward-looking statement will materialize 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 Canadian 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 above-mentioned 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.
About Bell
Bell Canada provides consumers and business customers across the country with advanced
communications services including Bell Fibe TV and Bell Satellite TV, Fibe Internet, 4G LTE
wireless, home phone and business communications solutions. Bell Media is Canadas premier
multimedia company with leading assets in television, radio and digital media. Bell is wholly owned
by Montréals BCE Inc. (TSX, NYSE: BCE). For more information, please visit Bell.ca.
The Bell Lets Talk mental health initiative is a national charitable program that promotes
Canadian mental health across Canada with the Bell Lets Talk anti-stigma campaign and significant
funding for community care, research and workplace best practices. To learn more, please visit
Bell.ca/LetsTalk.
Media inquiries:
Jean Charles Robillard
Bell Communications
(514) 870-4739
jeancharles.robillard@bell.ca
Investor inquiries:
Thane Fotopoulos
BCE Investor Relations
(514) 870-4619
thane.fotopoulos@bell.ca
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