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, Aug. 16, 2018 /CNW
Telbec/ - Bell Canada (Bell) today
announced the public offering of Cdn $1.0 billion of MTN
Debentures pursuant to its medium term notes (MTN) program.
The $1.0 billion 3.80% MTN
Debentures, Series M-48, will be dated August 21, 2018, will mature on August 21, 2028, and will be issued at a price of
$99.885 per $100 principal amount to yield 3.814%. 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 $1.0 billion principal amount of 3.35% Series
M-25 Debentures, due June 18,
2019.
The MTN Debentures are being publicly offered in all provinces
of Canada through a syndicate of agents. Closing of the offering of
the MTN Debentures is expected to occur on August 21, 2018.
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 Series M-48 Debentures have not been
and will not be registered under the U.S. Securities Act of 1933,
as amended (U.S. Securities Act), or any state securities laws and
may not be offered or sold in the United
States or to or for the account or benefit of U.S. persons
(as defined in Regulation S under the U.S. Securities Act).
The MTN Debentures are being issued pursuant to a Short Form
Base Shelf Prospectus dated March 20, 2018 and a Prospectus
Supplement dated June 19, 2018. 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 advanced broadband wireless, TV, Internet and
business communication services throughout the country. Bell Media
is Canada's premier content creation company with leading assets in
television, radio, out of home, and digital media. Founded in
Montréal in 1880, 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 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