Loan & DebtMay 28, 2026, 04:01 PM
Bell Canada Announces Cdn $1.6B Debentures & $650M US Notes Offerings
AI Summary
Bell Canada, guaranteed by BCE Inc., announced public offerings totaling Cdn $1.6 billion in Canadian MTN Debentures and US $650 million in U.S. senior notes. The Canadian offering includes two series of debentures maturing in 2036 and 2056, with yields of 4.723% and 5.329% respectively. The U.S. offering consists of notes maturing in 2036 with a yield of 5.461%. The company intends to use the net proceeds primarily to repurchase, redeem, or repay existing debt, including those from ongoing tender offers, and for general corporate purposes.
Key Highlights
- Bell Canada announced a public offering of Cdn $1.6 billion aggregate principal amount of MTN Debentures in two series.
- The Canadian offering includes Cdn $900 million 4.70% MTN Debentures (Series M-69) maturing November 15, 2036, with a yield of 4.723%.
- The Canadian offering also includes Cdn $700 million 5.30% MTN Debentures (Series M-70) maturing June 3, 2056, with a yield of 5.329%.
- Bell Canada announced a public offering of US $650 million aggregate principal amount of U.S. senior notes (Series US-11) maturing November 15, 2036, with a yield of 5.461%.
- The MTN Debentures and Notes will be fully and unconditionally guaranteed by BCE Inc.
- Net proceeds will be used to repurchase, redeem, or repay existing senior and/or subordinated indebtedness, including securities tendered in Bell's tender offers, and for general corporate purposes.
Price Impact
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