2023-08-09 04:31:21 ET
- Bell Canada ( NYSE: BCE ) has launched a C$1B public offering of MTN Debentures in two series in Canada.
- The first C$600M 5.15% MTN Debentures, Series M-60, due November 14, 2028, will be issued at a price of C$99.917 per $100 principal amount for a yield to maturity of 5.170%.
- Second C$400M 5.60% MTN Debentures, Series M-61, due August 11, 2053, will be issued at a price of C$99.726 per $100 principal amount for a yield to maturity of 5.619%.
- The debentures will be fully and unconditionally guaranteed by Bell Canada, and the proceeds will be used for the repayment of short-term debt and for general corporate purposes.
- The offering is expected to close on August 11, 2023.
For further details see:
Bell Canada to raise C$1B through MTN debentures