Bell renews MTN program and announces offering of MTN Debentures

       Bell renews MTN program and announces offering of MTN Debentures

PR Newswire

MONTRÉAL, June 12, 2013

MONTRÉAL, June 12, 2013 /PRNewswire/ - Bell Canada (Bell) today announced the
filing of a prospectus supplement to a short form base shelf prospectus dated
May17, 2013 with the various securities regulatory authorities in all the
provinces of Canada and with the Securities and Exchange Commission (SEC) in
the United States and the public offering of Cdn $1 billion of MTN debentures.

Renewal of MTN Program
The filing of the prospectus supplement was made to renew Bell's MTN program
and enables Bell to offer up to Cdn $4 billion of MTN Debentures from time to
time over a 25-month period. The MTN Debentures will be fully and
unconditionally guaranteed by BCE Inc. (TSX, NYSE: BCE). Consistent with past
practice, the MTN program was renewed so as to continue to provide Bell with
financial flexibility and efficient access to the Canadian and U.S. capital

Bell also entered into an agreement with certain dealers under which the
dealers have agreed to act as agents, principals or underwriters with respect
to the future offering of the MTN Debentures.

Public offering of Cdn $1 billion of MTN Debentures
Bell is proceeding with a public offering of Cdn $1 billion of MTN Debentures
pursuant to its MTN program.

The 3.25% MTN Debentures, Series M-27, will be dated June 17, 2013, will
mature on June 17, 2020 and will be issued at a price of Cdn $99.925 per $100
principal amount for a yield to the investor of 3.262% per annum compounded

The net proceeds of the offering are intended to be used for general corporate
purposes, including the repayment of short-term debt, and funding a portion of
the cost of BCE Inc.'s proposed acquisition of Astral Media Inc. (Astral),
which is expected to close in early summer pending approval by the Canadian
Radio-television and Telecommunications Commission (CRTC).

The MTN Debentures are being publicly offered in all provinces of Canada and
to institutional investors in the United States that qualify for applicable
state registration exemptions through a syndicate of agents. Closing of the
offering of the MTN Debentures is expected to occur on June 17, 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

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 the prospectus for the offering may be obtained from the
Investor Inquiries contact listed below.

About Bell
Bell is Canada's largest communications company, providing consumers and
business customers with leading TV, Internet, wireless, home phone and
business communications solutions. 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

The Bell Let's Talk mental health initiative is a national charitable program
that promotes Canadian mental health across Canada with the Bell Let'/s Talk
Day anti-stigma campaign and support for community care, research and
workplace best practices. To learn more, please visit

Caution Concerning Forward-Looking Statements
Certain statements made in this news release, 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, the
expected timing and completion of the pending acquisition by BCE Inc. of
Astral and other statements that are not historical facts, are
forward-looking. 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 you are cautioned not
to place undue reliance on 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
transactions referred to above. Readers are cautioned that such information
may not be appropriate for other purposes. The timing and completion of the
above-mentioned proposed transactions are subject to customary closing
conditions, termination rights and other risks and uncertainties. In addition,
the expected timing and completion of the pending acquisition of Astral are
subject to approval by the CRTC. Accordingly, there can be no assurance that
the proposed transactions will occur, or that they will occur at the expected
time indicated in this news release. For additional information with respect
to certain of the assumptions and risks relating to the pending acquisition of
Astral, please refer to BCE Inc.'s 2012 annual MD&A dated March 7, 2013, and
BCE Inc.'s 2013 first quarter MD&A dated May 8, 2013, filed with the
securities regulatory authorities in all the provinces of Canada (available at and with the U.S. Securities and Exchange Commission (available
at These documents are also available on BCE Inc.'s website at

SOURCE Bell Canada


Media inquiries:
Jean Charles Robillard
Bell Communications
(514) 870-4739

Investor inquiries:
Thane Fotopoulos
BCE Investor Relations
(514) 870-4619
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