Bell Canada to redeem Series M-40 debentures due October 3, 2022

Rhea-AI Summary

Bell Canada has announced the redemption of all outstanding Cdn $1,700 million principal amount of 3.00% Debentures, Series M-40, on April 19, 2021. The redemption price will be Cdn $1,030.544 per Cdn $1,000 of principal, plus Cdn $1.315 for accrued interest. This decision shows Bell's strategy to manage debt effectively as it continues to serve more than 22 million customer connections across Canada. This move is part of BCE's broader objectives to enhance its financial position for future growth.

Positive

• Effective management of debt with the redemption of Cdn $1,700 million in debentures.
• Maintains strong financial position as Canada's largest communications company.

Negative

• None.

MONTRÉAL, March 18, 2021 /PRNewswire/ - Bell Canada (Bell) today announced it will redeem, on April 19, 2021, prior to maturity, all of its outstanding Cdn $1,700 million principal amount of 3.00% Debentures, Series M-40, due October 3, 2022 (the Series M-40 Debentures).

The Series M-40 Debentures will be redeemed at a price equal to $1,030.544 per $1,000 of principal amount of debentures plus $1.315 per $1,000 of principal amount for accrued and unpaid interest up to but excluding the date of redemption.

About Bell
Founded in Montréal in 1880, Bell is Canada's largest communications company with more than 22 million residential, business and wireless customer connections across every province and territory. With a goal to advance how Canadians connect with each other and the world, Bell provides the most extensive broadband wireless and wireline networks, innovative mobile, TV, Internet and business communication services, and the country's premier television, radio, out of home and digital media brands. Bell is wholly owned by BCE Inc. (TSX, NYSE: BCE). To learn more, please visit Bell.ca or BCE.ca.

Media inquiries:

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

Investor inquiries:

Thane Fotopoulos
 514-870-4619
thane.fotopoulos@bell.ca

View original content:http://www.prnewswire.com/news-releases/bell-canada-to-redeem-series-m-40-debentures-due-october-3-2022-301250646.html

SOURCE Bell Canada

FAQ

What is the redemption date for BCE's Series M-40 Debentures?

The Series M-40 Debentures will be redeemed on April 19, 2021.

How much is BCE redeeming in Series M-40 Debentures?

BCE is redeeming Cdn $1,700 million in Series M-40 Debentures.

What is the redemption price for BCE's Series M-40 Debentures?

The redemption price is Cdn $1,030.544 per Cdn $1,000 of principal, plus accrued interest.

When were the Series M-40 Debentures originally due?

The Series M-40 Debentures were originally due on October 3, 2022.