#Canada #Montreal #Bell Canada #BCE Inc #MTN Debentures

Bell Canada Announces Offerings of MTN Debentures and US Notes

In a significant move for its financial expansion, Bell Canada has unveiled plans for a public offering totaling approximately Cdn $1.6 billion of Medium Term Notes (MTN) Debentures in Canada and an additional US $650 million in senior notes for the U.S. market. This strategy marks an important chapter for Bell as it aims to solidify its competitive edge amidst evolving market dynamics.

Details of the Offering

The Canadian offering consists of two distinct series of debentures:

• - Cdn $900 million of 4.70% MTN Debentures (Series M-69) set to mature on November 15, 2036. These will be issued at a price of Cdn $99.815 per $100 principal amount, yielding 4.723% at maturity.
• - Cdn $700 million of 5.30% MTN Debentures (Series M-70) maturing on June 3, 2056, will be issued at a price of Cdn $99.568 per $100 principal amount, yielding 5.329% at maturity.

The closing of the Canadian offering is anticipated on June 3, 2026, pending customary closing conditions. All debentures issued will have full, unconditional guarantees from BCE Inc., ensuring that investors are backed by a robust financial structure.

On the U.S. side, the offerings include:

• - US $650 million in senior notes (5.450% Series US-11 Notes), also maturing on November 15, 2036. These notes are set to be issued at US $99.917 per $100 principal amount, providing a yield to maturity of 5.461%. The expected closure for this offering is slated for June 5, 2026, also subject to the usual closing conditions and guarantees by BCE Inc.

Purpose of the Offering

Bell Canada plans to utilize the incoming funds from both offerings for various financial strategies. This includes repurchasing, redeeming, or repaying existing senior and/or subordinated debt, particularly targeting securities involved in the current Tender Offers initiated on May 27, 2026. Additionally, the net proceeds will cater to general corporate purposes, aiming to enhance Bell's operational capabilities.

Regulatory Compliance

The offerings are structured under a short-form base shelf prospectus established on April 2, 2026, and further supplemented on April 6, 2026. For the U.S. market, a prospectus supplement dated May 27, 2026, aligns with Bell's short-form registration filed with the Securities and Exchange Commission. This structured approach not only affirms compliance with regulatory bodies but also instills confidence among potential investors.

Market Implications and Future Prospects

As the largest communications company in Canada, Bell is strategically advancing its position in both digital innovation and comprehensive telecommunications services. The offerings should serve as a catalyst for further growth, allowing the company to maintain its leadership in advanced fiber and wireless technologies. By implementing cloud-based and AI-driven solutions, Bell aims to provide significant value to its customers while simultaneously enabling their businesses to thrive on a global scale.

In summary, Bell Canada continues to forge a path of innovation and growth through proactive financial strategies. The recent bond offerings represent not only a crucial financial maneuver but also a commitment to ensuring sustained operational excellence and market relevance.

For further information regarding the offerings or to obtain official documentation, interested parties can contact Bell Canada's Investor Relations department or access the requisite files on the SEDAR+ and EDGAR websites.