MONTRÉAL, April 11, 2018 /CNW
Telbec/ - Bell Canada (Bell) announced on April 4, 2018 that it would redeem effective on
April 16, 2018 (the "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"). Today, Bell has determined the
redemption price payable for the Series M-33 Debentures according
to the terms of such debentures.
The redemption price for the Series M-33 Debentures must be
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
Redemption Date. The "Canada Yield Price", calculated today in
accordance with the terms of the Series M-33 Debentures, is
$1,030.370 per $1,000 of principal amount. Accordingly, the
Series M-33 Debentures will be redeemed effective on the Redemption
Date at a price equal to $1,030.370
per $1,000 of principal amount of
debentures plus $7.410 per
$1,000 of principal amount for
accrued and unpaid interest up to, but excluding, the Redemption
Date.
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
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SOURCE Bell Canada