#Canada #Montreal #Bell Canada #MTN Debentures #U.S. Notes

Bell Canada Launches Major Debenture and Notes Offerings

In a significant financial move, Bell Canada has publicized the initiation of substantial offerings of MTN Debentures in Canada alongside U.S. senior notes. These financial instruments are designed to manage and enhance the company's debt structure while positioning itself for future growth.

On May 27, 2026, Bell announced its plan to issue Cdn $1.6 billion in MTN Debentures, divided into two distinct series as part of its medium term notes program.

Canadian MTN Debentures Breakdown

• - Series M-69: Comprising Cdn $900 million, these 4.70% Debentures are set to mature on November 15, 2036. They will be issued at a price of Cdn $99.815 per $100 principal amount, which spells out to a yield to maturity of 4.723%.
• - Series M-70: This series features Cdn $700 million of 5.30% Debentures, with a maturity date of June 3, 2056. These will be sold at a price of Cdn $99.568 each per $100 principal, aiming for a yield to maturity of 5.329%.

These debentures will be available publicly across all Canadian provinces through a syndicate of agents, with closing poised for June 3, 2026, contingent on fulfilling standard closing conditions. Significantly, they will carry a full and unconditional guarantee from BCE Inc., enhancing investor confidence.

U.S. Senior Notes Offering

Simultaneously, Bell has announced an offering of US $650 million in U.S. senior notes classified as Series US-11. These notes will carry a 5.450% interest rate and are due to mature on November 15, 2036. Priced at US $99.917 per $100 principal amount, they provide a yield to maturity of 5.461%. Closing for this offering is anticipated on June 5, 2026, also subject to standard closing conditions. These notes are likewise fully guaranteed by BCE Inc.

Strategic Usage of Proceeds

The proceeds from both the Canadian and U.S. offerings will primarily be utilized for:
1. Debt Repurchase: This includes using the funds to buy back, redeem, or repay senior and subordinated debt of Bell. Notably, this may cover certain securities represented in Bell's recent tender offers initiated on May 27, 2026.
2. General Corporate Purposes: Strengthening operational reserves and expanding business activities will also be a priority.

Regulatory Compliance and Availability

The offering process for the MTN Debentures follows guidelines set forth in a short form base shelf prospectus dated April 2, 2026 with a subsequent prospectus supplement from April 6, 2026. Additionally, Bell intends to file a pricing supplement with securities regulatory authorities in Canada.

For the U.S. offering, Bell will comply with the regulations by providing a prospectus supplement dated May 27, 2026, in line with its earlier filed shelf registration with the Securities and Exchange Commission.

Important Cautions

It’s essential to note that this news release does not serve as an offer to sell or solicit purchase offers for these securities in any region where such an action is deemed illegal. Furthermore, series of MTN Debentures are not registered under U.S. Securities Act of 1933 and thus cannot be offered or sold within the U.S. or to U.S. persons.

Conclusion

Bell Canada remains a prominent force within the communications sector of Canada, continuously seeking to fortify its financial stance through strategic market moves and offerings. As the largest communications enterprise in Canada, Bell continues to leverage advanced technology to keep its customer base connected, informed, and entertained while enabling businesses to thrive on the global platform.

For more details on these offerings, potential investors can contact Bell Canada's Investor Relations at 1-800-339-6353 or visit their official websites at Bell.ca and BCE.ca.