MONTRÉAL, Oct. 4, 2017 /CNW
Telbec/ - Bell Canada announced on
September 29, 2017 that it would
redeem effective on October 9, 2017
(the "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"). Today, Bell
Canada has determined the redemption price payable for the
Series M-36 Debentures according to the terms of such
debentures.
The redemption price for the Series M-36 Debentures must be
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
Redemption Date. The "Canada Yield Price", calculated today in
accordance with the terms of the Series M-36 Debentures, is
$1,017.480 per $1,000 of principal amount. Accordingly, the
Series M-36 Debentures will be redeemed effective on the Redemption
Date at a price equal to $1,017.480
per $1,000 of principal amount of
debentures plus $22.241 per
$1,000 of principal amount comprised
of accrued and unpaid interest up to, but excluding, the Redemption
Date and interest for the October 9,
2017 banking holiday in Canada at the Government of Canada Yield (as
determined under the terms of the Series M-36 Debentures) plus
0.46%. The redemption price and interest will be paid on
October 10, 2017.
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