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

Bell Canada Announces Public Offering of MTN Debentures

Bell Canada, one of Canada’s leading telecommunications companies, has disclosed its plans for a public offering of medium-term note (MTN) debentures valued at a total of Cdn $2 billion. This initiative aims to optimize the company's financial standing and enhance its operational capabilities, covering both the repayment of existing debts and general corporate purposes.

The offering includes four distinct series of MTN debentures:

• - Series M-64: This series entails Cdn $400 million with an interest rate of 3.65%. Issued on August 14, 2025, these debentures are set to mature on August 14, 2029, priced at Cdn $99.956 per $100 principal. The yield to maturity for this series is calculated at 3.662%.

• - Series M-65: Comprising of Cdn $500 million, this series features a 4.30% interest rate. Also dated August 14, 2025, it matures later, on March 14, 2033, and is issued at Cdn $99.816 per $100 principal, yielding a mature yield of 4.328%.

• - Series M-66: This segment features Cdn $600 million with a higher 4.70% interest rate and is expected to mature on March 14, 2036. Priced at Cdn $99.747 per principal, its yield to maturity stands at 4.730%.

• - Series M-67: This final series offers Cdn $500 million at 5.25%, with a longer maturity date of August 14, 2055. It will be issued at a price of Cdn $99.476 for every $100 principal amount, resulting in a yield of 5.285%.

These MTN debentures are fully and unconditionally guaranteed by BCE Inc., which is Bell’s parent company, indicating the financial stability backing these offerings. The funding generated from this venture will mainly be allocated towards the repayment and/or redemption of debt incurred by Ziply Fiber or its subsidiaries, reinforcing Bell’s strategic financial management approach.

The public offering is set to unfold across all Canadian provinces via a syndicate of agents, with the transaction's closure anticipated on August 14, 2025, pending the fulfillment of customary closing conditions. This operation is substantiated by a comprehensive base shelf prospectus filed earlier this year, ensuring that the offering adheres to regulatory standards.

Bell Canada continues to assert its standing as Canada’s largest communications entity, significantly impacting the realm of internet, wireless, and media services since its establishment in Montréal in 1880. It operates under BCE Inc., which plays a pivotal role in supporting the company’s wide-ranging services to consumers and businesses alike.

In line with its commitment to corporate responsibility, Bell Canada actively invests in initiatives aimed at promoting social and economic advancements within communities. Through the Bell for Better initiative and campaigns like Bell Let's Talk, the company endeavors to foster mental health awareness and support community care, reinforcing its position as a socially responsible organization.

This latest move aligns with Bell's strategy to maintain robust financial health, ensuring operational capability while also furthering its commitment to community welfare and engagement. As the telecommunications industry continues to evolve, such financial maneuvers will be key for Bell as it looks to innovate and grow further in the Canadian market.

For more information, please visit Bell's official websites or their dedicated initiatives like Bell Let's Talk for community-focused projects.