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Bell announces offering of Series US-5 Notes and Series US-6 Notes
Bell announces offering of Series US-5 Notes and Series US-6 Notes Canada NewsW...
About this update from Bce Inc.
[{"type":"text","content":"\n \n \n \n Bell announces offering of Series US-5 Notes and Series US-6 Notes\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled \"Caution Concerning Forward-Looking Statements\" later in this release.\n \n \n \n MONTRÉAL,\n \n Aug. 9, 2021\n \n /CNW Telbec/ -\n \n Bell Canada\n \n (Bell) today announced the public offering in\n \n the United States\n \n of US\n \n $1.25\n \n billion aggregate principal amount of Notes in two series (the US Offering). The US\n \n $600 million\n \n 2.150% Series US-5 Notes will mature on February 15, 2032 and will be issued at a price of US\n \n $99.561\n \n per $100 principal amount for a yield to maturity of 2.197%. The US\n \n $650 million\n \n 3.200% Series US-6 Notes will mature on February 15, 2052 and will be issued at a price of US\n \n $99.961\n \n per $100 principal amount for a yield to maturity of 3.202%. The Notes are being publicly offered in\n \n the United States\n \n through a syndicate of underwriters. Closing of the offering of the Notes is expected to occur on\n \n August 12, 2021\n \n , subject to customary closing conditions. The Notes will be fully and unconditionally guaranteed by BCE Inc.\n \n \n Bell plans to apply a portion of the net proceeds from the US Offering towards the\n \n $2.07 billion\n \n cost of 3500 MHz spectrum licenses it agreed to acquire pursuant to the Canadian spectrum auction completed in\n \n July 2021\n \n and the balance for the repayment of short-term debt and general corporate purposes.\n \n \n The US Offering is being made in\n \n the United States\n \n pursuant to a prospectus supplement dated\n \n August 9, 2021\n \n to Bell's short form base shelf prospectus dated\n \n November 16, 2020\n \n filed with the Securities and Exchange Commission as part of an effective shelf registration statement on Form F-10....