Bell announces offering of MTN Debentures
MONTREAL, March 19, 2013
MONTREAL, March 19, 2013 /PRNewswire/ - Bell Canada (Bell) today announced the
public offering of Cdn $1,000,000,000 of MTN Debentures pursuant to its medium
term notes (MTN) program. The 3.35% MTN Debentures, Series M-26, will be dated
March 22, 2013, will mature on March 22, 2023 and will be issued at a price
of Cdn $99.831 per $100 principal amount for a yield to the investor of 3.370%
per annum compounded semi-annually. The Series M-26 MTN Debentures will be
fully and unconditionally guaranteed by BCE Inc. (TSX, NYSE: BCE).
The net proceeds of this offering are intended to be used for general
corporate purposes, including the repayment of outstanding commercial paper
and funding a portion of the cost of BCE Inc.'s pending acquisition of Astral
Media Inc., which remains subject to approval by the Canadian Radio-television
and Telecommunications Commission (CRTC).
The Series M-26 MTN Debentures are being offered in all provinces of Canada
and in the United States to institutional investors that satisfy applicable
state registration exemptions through a syndicate of agents. Closing of the
offering is expected to occur on March 22, 2013.
There shall be no offer, solicitation or sale of securities of Bell in any
state or jurisdiction in which such an offer, solicitation or sale would be
The Series M-26 MTN Debentures are being issued pursuant to a Short Form Base
Shelf Prospectus dated August 15, 2011 and a Prospectus Supplement dated June
13, 2012. Bell will file a pricing supplement relating to this issue with the
securities regulatory authorities in all provinces of Canada and with the SEC
in the United States. A copy of the pricing supplement, the accompanying
prospectus supplement and prospectus for the offering may be obtained from the
Investor Inquiries contact listed below.
Bell is Canada's largest communications company, providing consumers and
business with solutions to all their communications needs. Bell Media is
Canada's premier multimedia company with leading assets in television, radio
and digital media. Bell is wholly owned by Montréal's BCE Inc. (TSX, NYSE:
BCE). For more information, please visit Bell.ca.
The Bell Mental Health Initiative is a multi-year charitable program that
promotes mental health across Canada via the Bell Let's Talk anti-stigma
campaign and support for community care, research and workplace best
practices. To learn more, please visit Bell.ca/LetsTalk.
Caution Concerning Forward-Looking Statements
This news release contains forward-looking statements relating to the expected
timing and completion of the proposed sale of MTN Debentures, the use of the
net proceeds of such sale and BCE's pending acquisition of Astral. Such
forward-looking statements are subject to important risks, uncertainties and
assumptions and, accordingly, the results or events predicted in these
forward-looking statements may differ materially from actual results or
events. The timing and completion of the proposed sale of the MTN Debentures
is subject to customary closing terms and other risks and uncertainties. In
addition, BCE's pending acquisition of Astral is subject to customary closing
conditions, termination rights and other risks and uncertainties including,
without limitation, approval by the CRTC. Accordingly, there can be no
assurance that the proposed sale of MTN Debentures or the pending acquisition
of Astral will occur or that any other forward-looking statement will
materialize. The forward-looking statements contained in this news release are
made as of 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
statement contained in this news release whether as a result of new
information, future events or otherwise.
SOURCE Bell Canada
Jean Charles Robillard
BCE Investor Relations
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