Date Closed

November 14, 2023

Lead Office

Montréal

Value

1.00 Billion CAD

On November 14, 2023, Bell Canada ("Bell") completed public offering of Cdn $300 million 5.85% MTN Debentures, issued pursuant to a re-opening of an existing series of MTN Debentures (the “Series M-57”) and Cdn $700 million 5.25% MTN Debentures (the “Series M-62”) pursuant to its medium term notes (MTN) program. The Series M-57 is dated November 14, 2023 and will mature on November 10, 2032. The Series M-62 is dated November 14, 2023 and will mature on March 15, 2029. The Series M-57 and the Series M-62 will be fully and unconditionally guaranteed by BCE Inc. 

Bell Canada 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 Canada is wholly owned by BCE Inc.

McCarthy Tétrault advised a syndicate of underwriters, co-lead by CIBC World Markets Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc. and, Scotia Capital Inc., with a team led by Fraser Bourne that included Isabelle Nazon and Janie L.-Roy (Business).