MONTRÉAL, May 21, 2019
/PRNewswire/ - Bell Canada announced on May 14, 2019 that it would redeem effective on
May 24, 2019 (the "Redemption Date"),
prior to maturity, all of its outstanding $400 million principal amount of 3.54%
Debentures, Series M-37, due June 12, 2020 (the "Series M-37
Debentures"). Today, Bell Canada has
determined the redemption price payable for the Series M-37
Debentures according to the terms of such debentures.
The redemption price for the Series M-37 Debentures must be
equal to the greater of the "Canada Yield Price" and the principal
amount of the Series M-37 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-37 Debentures, is $1,014.021 per $1,000 of principal amount. Accordingly, the
Series M-37 Debentures will be redeemed effective on the Redemption
Date at a price equal to $1,014.021
per $1,000 of principal amount of
debentures plus $15.809 per
$1,000 of principal amount for
accrued and unpaid interest up to, but excluding, the Redemption
Date.
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 significant Bell funding of mental health care and
access, research and workplace leadership initiatives. To learn
more, please visit Bell.ca/LetsTalk.
Media inquiries:
Marie-Eve Francoeur
514-391-5263
marie-eve.francoeur@bell.ca
Investor inquiries:
Thane Fotopoulos
514-870-4619
thane.fotopoulos@bell.ca
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SOURCE Bell Canada