Bell, a BCE subsidiary, offers series US-9 and US-10 notes (NYSE:BCE)
Press Room
Bell Canada, wholly owned by BCE (NYSE:BCE) announced offering in the U.S. of $1.45B aggregate principal amount of notes in two series.
The $700M 5.200% Series US-9 notes will mature on February 15, 2034 and will be issued at a price of $99.823 per $100 principal amount for a yield to maturity of 5.223%.
The $750M 5.550% Series US-10 notes will mature on February 15, 2054 and will be issued at a price of $99.869 per $100 principal amount for a yield to maturity of 5.559%.
The closing of the notes is expected to occur on February 15, 2024.
Proceeds will be used for repayment at maturity of Bell Canada’s $600M series US-3 notes due March 2024, to fund the remaining payment for the 3800 MHz spectrum licenses secured by Bell Mobility.
