Bell to Redeem $850 Million of Debt
Nov 22, 2007
MONTREAL, Québec, Nov. 22 /CNW Telbec/ - Bell Canada today announced that
it will redeem, prior to maturity, $850 million of debt on December 28, 2007
as it is advantageous for the company to redeem debt that would otherwise be
maturing over the next six months. This redemption will include all of Bell
Canada's outstanding $700 million principal amount of 6.25% Series M-10 MTN
Debentures ("Series M-10 Debentures") due January 18, 2008, and all of Bell
Mobility Inc.'s outstanding $150 million principal amount of 6.55% Series F
Senior Unsecured Debentures ("Series F Debentures") due June 2, 2008.
The Series M-10 Debentures will be redeemed at a price equal to
$1,000.901 per $1,000 of principal amount of debentures plus $27.911 for
accrued and unpaid interest to the date of redemption. The Series F Debentures
will be redeemed at a price to be determined in accordance with their terms
and conditions as calculated on November 28, 2007.
Registered holders of Series M-10 Debentures and Series F Debentures will
be sent notices providing the respective details of these redemptions,
including where to present their debentures for payment.
Bell is Canada's largest communications company, providing consumers with
solutions to all their communications needs, including telephone services,
wireless communications, high-speed Internet, digital television and voice
over IP. Bell also offers integrated information and communications technology
(ICT) services to businesses and governments, and is the Virtual Chief
Information Officer (VCIO) to small and medium businesses (SMBs). Bell is
proud to be a Premier National Partner and the exclusive Communications
Partner to the Vancouver 2010 Olympic and Paralympic Winter Games. Bell is
wholly owned by BCE Inc. For information on Bell's products and services,
please visit www.bell.ca; for more information on BCE, visit www.bce.ca.
For further information: Pierre Leclerc, Bell Canada, Media Relations, (514) 391-2007, 1-877-391-2007, email@example.com; Thane Fotopoulos, BCE, Investor Relations, (514) 870-4619, firstname.lastname@example.org