Bell Canada Announces Cash Tender Offer Pricing for Multiple Debt Securities
Bell Announces Pricing of Cash Tender Offers for Debt Securities
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Bell Canada has priced its cash tender offers for various debt securities totaling approximately C$1.4 billion. The offers include five series of debentures, with significant amounts accepted for purchase. Settlement is expected on June 5, 2026, following the successful closing of a public offering.
- 01Bell Canada is purchasing C$301 million of 4.35% MTN Debentures Series M-39 due 2045 and C$366 million of 4.45% MTN Debentures Series M-45 due 2047.
- 02The total principal amount accepted for purchase across all series is approximately C$1.4 billion.
- 03The Offers are conditional upon the completion of a public offering of C$1.6 billion in medium-term notes.
- 04Settlement for the accepted debentures will occur on June 5, 2026, with accrued interest payments included.
- 05Bell's parent company, BCE Inc., guarantees the payment of principal and interest on the debentures.
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Bell Canada has announced the pricing for its cash tender offers aimed at repurchasing multiple series of debentures totaling approximately C$1.4 billion. The offers include C$301 million of 4.35% MTN Debentures Series M-39 due 2045, C$366 million of 4.45% MTN Debentures Series M-45 due 2047, and additional amounts for other series. The Offers are contingent upon the successful completion of a public offering of C$1.6 billion in medium-term notes, which has already closed. The settlement date for the accepted debentures is expected to be June 5, 2026. Holders of the accepted debentures will receive a total consideration that includes accrued interest, and they will lose all rights to the debentures once the settlement occurs. Bell's parent company, BCE Inc., provides an unconditional guarantee for the payment obligations associated with these debentures. The company has engaged several financial institutions as dealer managers for the Offers.
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The successful completion of these tender offers may improve Bell Canada's financial flexibility and reduce its debt obligations.
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