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

Bell Canada Announces Series M-68 MTN Debentures Offering

On March 25, 2026, Bell Canada, a leading telecommunications company in Canada, made an important announcement regarding the public offering of its Medium Term Notes (MTN) Debentures. The corporation aims to raise an aggregate principal amount of Cdn $750 million through the Series M-68 MTN Debentures. This offering is part of its ongoing strategy to enhance financial flexibility and support operational objectives.

Details of the Offering

The Series M-68 MTN Debentures will be characterized by a 4.40% interest rate and are scheduled to be dated March 30, 2026, with a maturity date set for March 30, 2033. They will be issued at a price of Cdn $99.91 per Cdn $100 principal amount, thereby translating to a yield to maturity of 4.415%. Importantly, these debentures will also be fully and unconditionally guaranteed by BCE Inc., the parent company of Bell Canada.

Purpose of the Proceeds

The net proceeds generated from this offering will primarily be allocated toward the repayment of short-term debt, which will contribute to improved liquidity for Bell Canada. Additionally, the remaining funds are earmarked for general corporate purposes, further enabling the company to innovate and invest in future growth opportunities.

Public Offering and Closing

The Series M-68 Debentures are set to be publicly offered across all provinces in Canada. The transaction is being facilitated through a syndicate of agents who are tasked with ensuring a smooth offering process. The expected closing date for this offering is March 30, 2026, contingent upon customary closing conditions being met.

Regulatory Considerations

It is vital to note that this announcement does not constitute an offer to sell or solicit offers to buy securities in jurisdictions where it would be unlawful. The Series M-68 MTN Debentures are not registered under the U.S. Securities Act of 1933 and therefore cannot be offered or sold within the United States or to U.S. persons.

The issuance of the Series M-68 MTN Debentures aligns with the terms outlined in a short form base shelf prospectus that dates back to May 2024. Since then, there have been various amendments, emphasizing compliance with Canadian securities regulations which dictate the proper issuance procedures for debt securities.

About Bell Canada

Bell Canada is recognized as the largest communications company in the country, focusing on advanced telecommunications solutions that incorporate both fiber and wireless networks. The company is committed to delivering state-of-the-art services, powered by cloud technology and AI-driven processes, that keep consumers connected and engaged with essential information and entertainment. For further information, Bell Canada encourages interested parties to visit their websites at Bell.ca or BCE.ca.

Closing Remarks

Bell Canada's offering of Series M-68 MTN Debentures represents a strategic move to bolster its financial standing while addressing upcoming corporate requirements. Investors and stakeholders in the telecommunications industry are advised to keep an eye on the developments surrounding this offering as it may have significant implications for the company's future endeavors.

This announcement, while promising, also contains forward-looking statements, which involve inherent risks that may lead to actual results differing from the expectations outlined in this release. Investors are urged to remain informed regarding these developments."