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.
MONTRÉAL, Sept. 26, 2017 /CNW
Telbec/ - Bell Canada (Bell) today
announced the public offering of Cdn $1.5
billion of MTN Debentures in two series pursuant to its
medium term notes (MTN) program.
The $700 million 3.00% MTN
Debentures, Series M-40, will be dated September 29, 2017, will mature on October 3, 2022, and will be issued at a price of
$100.934 per $100 principal amount plus accrued and unpaid
interest from and including April 3,
2017 to, but excluding, September 29,
2017 in the amount of $1.471232877 per $100 principal amount to yield 2.796%. The 3.00%
MTN Debentures, Series M-40 are being issued as part of an existing
series of MTN Debentures. The $800
million 3.60% MTN Debentures, Series M-46, will be dated
September 29, 2017, will mature on September 29, 2027, and will be issued at a price
of $99.709 per $100 principal amount to yield 3.635%. The MTN
Debentures will be fully and unconditionally guaranteed by BCE
Inc.
The net proceeds of the offering are intended to be used to fund
the redemption of Bell Canada's
$1,000,000,000 principal amount of
4.40% MTN Debentures, Series M-22, due March
16, 2018, to fund the redemption of Bell Canada's $300,000,000 principal amount of 4.88%
Debentures, Series M‑36, due April 26,
2018, and for other general corporate purposes.
The MTN Debentures are being publicly offered in all provinces
of Canada through a syndicate of agents. The MTN Debentures
offering is expected to close on September
29, 2017.
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 news 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 September 20,
2016 and a Prospectus Supplement dated September 30, 2016. 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, 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. 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 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.
About Bell
Bell is Canada's largest communications company, providing
broadband wireless, TV, Internet and business communication
services from Bell Canada, Bell
Aliant and Bell MTS. Bell Media is Canada's premier multimedia
company with leading assets in television, radio, out of home and
digital media. To learn more, please visit Bell.ca or BCE.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 provides significant Bell funding of mental health
care and access, research and workplace leadership 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