Bell Canada announced on February 12, 2024, and closed on February 15, 2024, a US$1.45 billion (C$1.95 billion) debt offering, consisting of US$700 million (C$942 million) of 5.200% Series US-9 Notes due 2034 and US$750 million (C$1.01 billion) of 5.550% Series US-10 Notes due 2054. The notes, guaranteed by BCE Inc., will be used to repay US$600 million (C$807 million) in maturing notes, fund spectrum payments, and for general corporate purposes.

Underwriters included BofA Securities, RBC Capital Markets, CIBC Capital Markets, Mizuho, Scotiabank, SMBC Nikko, National Bank of Canada Financial Markets, Wells Fargo Securities, BMO Capital Markets, Citigroup, Desjardins Capital Markets, TD Securities, and Casgrain & Company Limited. Legal advisors were Stikeman Elliott LLP and Sullivan & Cromwell LLP for Bell Canada, and Shearman & Sterling LLP and McCarthy Tétrault LLP for the underwriters.

The notes are unsecured, senior obligations of Bell Canada, with interest payable semi-annually starting August 15, 2024. The offering was conducted under Bell Canada’s multijurisdictional disclosure system and the notes are not listed on any exchange.