For Immediate Release
Bell Canada to redeem Series M-32 debentures due September 2016
MONTRÉAL, March 18, 2016 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 Canadas largest communications company, providing consumers and business customers with
wireless, TV, Internet, home phone and business communications services. Bell Media is Canadas
premier multimedia company with leading assets in television, radio, digital and out of home media.
Bell is wholly owned by Montréals BCE Inc. (TSX, NYSE: BCE). For more information, please
visit Bell.ca.
The Bell Lets Talk initiative 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 initiatives. To learn more, please visit Bell.ca/LetsTalk.
Media inquiries:
Jean Charles Robillard
(514) 870-4739
jeancharles.robillard@bell.ca
Investor inquiries:
Richard Bengian
(514) 786-8219
richard.bengian@bell.ca
Notwithstanding any reference to BCE Inc.s Web site on the World Wide Web in the documents
attached hereto, the information contained in BCE Inc.s site or any other site on the World Wide
Web referred to in BCE Inc.s site is not a part of this Form 6-K and, therefore, is not furnished
to the Securities and Exchange Commission.
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