/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
MONTRÉAL, Sept. 29, 2017 /CNW
Telbec/ - Bell Canada today announced that it will redeem, on
October 30, 2017, prior to maturity,
all of its outstanding $1 billion
principal amount of 4.40% Debentures, Series M-22, due March 16, 2018 (the "Series M-22 Debentures").
The Series M-22 Debentures will be redeemed at a price equal to
$1,011.150 per $1,000 of principal amount of debentures plus
$5.304 per $1,000 of principal amount for accrued and unpaid
interest up to, but excluding, the date of redemption.
Bell Canada will also redeem, on
October 9, 2017, (the "M-36
Redemption Date"), prior to maturity, all of its outstanding
$300 million principal amount of
4.88% Debentures, Series M-36, due April 26,
2018 (the "Series M-36 Debentures"). The Series M-36
Debentures will be redeemed at a price equal to the greater of the
"Canada Yield Price" and the principal amount of the Series M-36
Debentures, together in each case with accrued and unpaid interest
up to, but excluding, the M-36 Redemption Date (in the
aggregate, the "M-36 Redemption Price") as indicated below.
Pursuant to the terms of the Series M-36 Debentures, the "Canada
Yield Price" means a price equal to the price of the Series M-36
Debentures calculated to provide a yield to maturity equal to the
Government of Canada Yield plus 0.46% 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-36 Debentures. The Government of Canada
Yield used to calculate the M-36 Redemption Price 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 holders
of the Series M-22 Debentures and the Series M-36 Debentures in
accordance with the terms of their governing trust indenture.
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