MONTRÉAL, April 4, 2018
/PRNewswire/ - Bell Canada (Bell)
today announced that it will redeem, on May
4, 2018, prior to maturity, all of its outstanding
$400 million principal amount of
3.50% Debentures, Series M-28, due September
10, 2018 (the "Series M-28 Debentures"). The Series M-28
Debentures will be redeemed at a price equal to $1,006.030 per $1,000 of principal amount of debentures plus
$5.274 per $1,000 of principal amount for accrued and unpaid
interest up to, but excluding, the date of redemption.
In addition, Bell will redeem, on April
16, 2018, prior to maturity, all of its outstanding
$200 million principal amount of
4.59% Medium Term Notes, Series 9, due October 1, 2018 (the "Series 9 Notes"). The
Series 9 Notes will be redeemed at a price equal to $1,011.270 per $1,000 of principal amount of notes plus
$1.886 per $1,000 of principal amount for accrued and unpaid
interest up to, but excluding, the date of redemption.
Bell will also redeem, on April 16,
2018, (the "M-33 Redemption Date"), prior to maturity, all
of its outstanding $300 million
principal amount of 5.52% Debentures, Series M-33, due February 26, 2019 (the "Series M-33 Debentures").
The Series M-33 Debentures will be redeemed at a price equal to the
greater of the "Canada Yield Price" and the principal amount of the
Series M-33 Debentures, together in each case with accrued and
unpaid interest up to, but excluding, the M-33 Redemption Date
(in the aggregate, the "M-33 Redemption Price") as indicated
below.
Pursuant to the terms of the Series M-33 Debentures, the "Canada
Yield Price" means a price equal to the price of the Series M-33
Debentures calculated to provide a yield to maturity equal to the
Government of Canada Yield plus 0.35% 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-33 Debentures. The Government of Canada
Yield used to calculate the M-33 Redemption Price will be the
average of the rates calculated by two registered Canadian
investment dealers selected by Bell.
Notice of redemption was delivered to the registered holders of
the Series M-28 Debentures, the Series 9 Notes and the Series M-33
Debentures in accordance with their terms.
About Bell
Founded in Montréal in 1880, Bell is
Canada's largest communications company, providing innovative
broadband wireless, TV, Internet and business communication
services across the country. Bell Media is Canada's premier
multimedia company with leading assets in television, radio, out of
home and digital media. Bell is wholly owned by BCE Inc. (TSX,
NYSE: BCE). 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 funding for 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