Bell Canada to redeem Series M-26 debentures due March 22, 2023

Rhea-AI Summary

Bell Canada announced plans to redeem all outstanding Cdn $1,000 million principal amount of its 3.35% Series M-26 Debentures on March 16, 2022. The redemption price will be Cdn $1,017.396 per Cdn $1,000 of principal, plus Cdn $16.062 for accrued interest. This move precedes the original maturity date of March 22, 2023, indicating the company's strategic management of its debt obligations. As Canada's largest communications company, Bell continues to deliver advanced services across the nation, reinforcing its position in the market.

Positive

• Strategic debt management by redeeming Series M-26 Debentures early.
• Maintaining strong financial standing with a significant redemption amount.

Negative

• None.

MONTRÉAL, Feb. 14, 2022 /PRNewswire/ - Bell Canada (Bell) today announced it will redeem, on March 16, 2022, prior to maturity, all of its outstanding Cdn $1,000 million principal amount of 3.35% Debentures, Series M-26, due March 22, 2023 (the Series M-26 Debentures).

The Series M-26 Debentures will be redeemed at a price equal to $1,017.396 per $1,000 of principal amount of debentures plus $16.062 per $1,000 of principal amount for accrued and unpaid interest up to but excluding the date of redemption.

About Bell
Bell is Canada's largest communications company, providing advanced broadband wireless, TV, Internet, media and business communication services throughout the country. Founded in Montréal in 1880, Bell is wholly owned by BCE Inc. To learn more, please visit Bell.ca or BCE.ca.

Through Bell for Better, we are investing to create a better today and a better tomorrow by supporting the social and economic prosperity of our communities with a commitment to the highest environmental, social and governance (ESG) standards. This includes the Bell Let's Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let's Talk Day and significant Bell funding of community care and access, research and workplace leadership initiatives throughout the country. To learn more, please visit Bell.ca/LetsTalk.

Media inquiries:

Marie-Eve Francoeur
514-391-5263
marie-eve.francoeur@bell.ca
@Bell_News

Investor inquiries:

Richard Bengian
514-786-8219
richard.bengian@bell.ca

View original content:https://www.prnewswire.com/news-releases/bell-canada-to-redeem-series-m-26-debentures-due-march-22-2023-301481912.html

SOURCE Bell Canada

FAQ

When is BCE redeeming the Series M-26 Debentures?

BCE is redeeming the Series M-26 Debentures on March 16, 2022.

What is the redemption price for BCE's Series M-26 Debentures?

The redemption price is Cdn $1,017.396 per Cdn $1,000 of principal, plus Cdn $16.062 for accrued interest.

What is the maturity date for BCE's Series M-26 Debentures?

The maturity date for the Series M-26 Debentures is March 22, 2023.

How much is BCE redeeming in total for the Series M-26 Debentures?

BCE is redeeming a total of Cdn $1,000 million in Series M-26 Debentures.

What type of debentures is BCE redeeming?

BCE is redeeming 3.35% Debentures, Series M-26.