MONTRÉAL, March 18, 2016 /CNW
Telbec/ - Bell Canada today
announced that it will redeem on March 31,
2016 (the "Redemption Date"), prior to maturity, all of its
outstanding $500,000,000 principal
amount of 5.41% Debentures, Series M-32, due September 26, 2016 (the "Series M-32
Debentures").
The Series M-32 Debentures will be redeemed at a price equal to
the greater of the "Canada Yield Price" and the principal amount of
the Series M-32 Debentures, together in each case with accrued and
unpaid interest up to, but excluding, the Redemption Date (in the
aggregate, the "Redemption Price") as indicated below.
Pursuant to the terms of the Series M-32 Debentures, the "Canada
Yield Price" means a price equal to the price of the Series M-32
Debentures calculated to provide a yield to maturity equal to the
Government of Canada Yield plus 0.33% on the third business day
prior to the date fixed for redemption. The "Government of Canada
Yield", on any date, means the yield to maturity on such date,
compounded semi-annually, which a non-callable Government of Canada
Bond would carry if issued, in Canadian dollars in Canada, at 100% of its principal amount on
such date with a term to maturity equal to the remaining term to
maturity of the Series M-32 Debentures. The Government of Canada
Yield used to calculate the Redemption Price of the Series M-32
Debentures will be the average of the rates calculated by two
registered Canadian investment dealers selected by Bell Canada.
Notice of redemption will be delivered to the registered holder
of Series M-32 Debentures in accordance with the terms of the
debentures.
About Bell
Bell is Canada's largest communications company, providing
consumers and business customers with wireless, TV, Internet, home
phone and business communications services. Bell Media is Canada's
premier multimedia company with leading assets in television,
radio, digital and out of home media. Bell is wholly owned by
Montréal's BCE Inc. (TSX, NYSE: BCE). For more information, please
visit Bell.ca.
The Bell Let's Talk initiative 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 initiatives. To learn more, please visit
Bell.ca/LetsTalk.
Media inquiries:
Jean Charles
Robillard
(514) 870-4739
jean_charles.robillard@bell.ca
Investor inquiries:
Richard
Bengian
(514) 786-8219
richard.bengian@bell.ca
SOURCE Bell Canada