Bell announces offering of MTN Debentures

Bell announces offering of MTN Debentures


MONTREAL, Sept. 5, 2013 /PRNewswire/ - Bell Canada (Bell) today
announced the public offering of Cdn $1 billion of MTN Debentures in
two series pursuant to its medium term notes (MTN) program.



The $400 million 3.50% MTN Debentures, Series M-28, will be dated
September 10, 2013, will mature on September 10, 2018, and will be
issued at a price of Cdn $99.941per $100 principal amount for a yield
to the investor of 3.513% per annum compounded semi-annually. The
$600 million 4.70% MTN Debentures, Series M-29, will be dated September
10, 2013, will mature on September 11, 2023 and will be issued at a
price of Cdn $99.897 per $100 principal amount for a yield to the
investor of 4.713% per annum compounded semi-annually. The MTN
Debentures will be fully and unconditionally guaranteed by BCE Inc.
(TSX, NYSE: BCE).



The net proceeds of this offering will be used by Bell Canada to finance
the redemption, on August 9, 2013, of all of Bell Canada's
$1,000,000,000 principal amount of 4.85% Debentures, Series M-20, due
June 30, 2014, which was financed on an interim basis by short term
borrowings.



The MTN Debentures are being publicly offered in all provinces of Canada
and to institutional investors in the United States that qualify for
applicable state registration exemptions through a syndicate of agents.
Closing of the offering of the MTN Debentures is expected to occur on
September 10, 2013.



There shall be no offer, solicitation or sale of securities of Bell in
any state or jurisdiction in which such an offer, solicitation or sale
would be unlawful.



The MTN Debentures are being issued pursuant to a Short Form Base Shelf
Prospectus dated May 17, 2013 and a Prospectus Supplement dated June
12, 2013. Bell will file a pricing supplement relating to this issue
with the securities regulatory authorities in all provinces of Canada
and with the SEC in the United States. A copy of the pricing
supplement, the accompanying prospectus supplement and the prospectus
for the offering may be obtained from the Investor inquiries contact
listed below.


About Bell

Bell is Canada's largest communications company, providing consumers and
business customers with leading TV, internet, wireless, home phone and
business communications solutions. Bell Media is Canada's premier
multimedia company with leading assets in television, radio and digital
media. Bell is wholly owned by Montréal's BCE Inc. (TSX, NYSE: BCE).
For more information, please visit Bell.ca.



The Bell Let's Talk mental health initiative is a national charitable
program that promotes Canadian mental health across Canada with the
Bell Let's Talk anti-stigma campaign and significant funding for
community care, research and workplace best practices. To learn more,
please visit Bell.ca/LetsTalk.


Caution Concerning Forward-Looking Statements

Certain statements made in this news release, including, but not limited
to, statements relating to the expected timing and completion of the
proposed sale of MTN Debentures, the intended use of the net proceeds
of such sale and other statements that are not historical facts, are
forward-looking. Forward-looking statements, by their very nature, are
subject to inherent risks and uncertainties and are based on several
assumptions, both general and specific, which give rise to the
possibility that actual results or events could differ materially from
our expectations expressed in or implied by such forward-looking
statements. As a result, we cannot guarantee that any forward-looking
statement will materialize and you are cautioned not to place undue
reliance on these forward-looking statements. The forward-looking
statements contained in this news release describe our expectations at
the date of this news release and, accordingly, are subject to change
after such date. Except as may be required by Canadian securities laws,
we do not undertake any obligation to update or revise any
forward-looking statements contained in this news release, whether as a
result of new information, future events or otherwise. Forward-looking
statements are provided herein for the purpose of giving information
about the proposed offering referred to above. Readers are cautioned
that such information may not be appropriate for other purposes. The
timing and completion of the above-mentioned proposed sale of the MTN
Debentures is subject to customary closing terms and other risks and
uncertainties. Accordingly, there can be no assurance that the proposed
sale of the MTN Debentures will occur, or that it will occur at the
expected time indicated in this news release.


SOURCE Bell Canada

Bell Canada

CONTACT: Media inquiries:
Jean Charles Robillard
Bell Communications
(514) 870-4739
jean_charles.robillard@bell.caInvestor inquiries:
Thane Fotopoulos
BCE Investor Relations
(514) 870-4619
thane.fotopoulos@bell.ca


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