MONTRÉAL, March 28, 2016 /CNW
Telbec/ - Bell Canada announced on
March 18, 2016 that it would 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"). Today, Bell Canada has determined the redemption price
payable for the Series M-32 Debentures on the Redemption Date,
according to the terms of such debentures.
The redemption price for the Series M-32 Debentures must be
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. The "Canada Yield Price", calculated today in accordance with
the terms of the Series M-32 Debentures, is $1,021.950 per $1,000 of principal amount. Accordingly, the
Series M-32 Debentures will be redeemed on the Redemption Date at a
price equal to $1,021.950 per
$1,000 of principal amount of
debentures plus $0.741 for accrued
and unpaid interest up to, but excluding, the Redemption Date.
About Bell
Bell is Canada's largest communications
company, providing consumers and business customers with wireless,
TV, Internet, home phone, small business and enterprise
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:
Thane Fotopoulos
(514) 870-4619
thane.fotopoulos@bell.ca
SOURCE Bell Canada