Printer Friendly

BELL CANADA DEBENTURE ISSUES

 BELL CANADA DEBENTURE ISSUES
 MONTREAL, May 27 /PRNewswire/ -- Bell Canada today announced the


private placement in Canada of an additional amount of $250 million of an existing series of debentures. The 10 percent debentures, Series EH, dated Nov. 15, 1991, mature on Nov. 15, 2041, and will be sold to the underwriters at 101.85 plus accrued interest.
 Bell Canada today also announced the public offering in Canada of $150 million of debentures. The 9.5 percent debentures, Series EM, will be dated June 15, 1992, will mature on June 15, 2002 and will be sold to the underwriters at 102. The Series EM debentures will be offered to the public at prices to be negotiated by the underwriters with purchasers. A preliminary prospectus relating to this issue will be filed with the various securities commissions in Canada.
 These issues are underwritten by RBC Dominion Securities, Wood Gundy Inc., Richardson Greenshields of Canada Limited, Gordon Capital Corporation, Lvesque Beaubien Geoffrion Inc. and Nesbitt Thomson Ltd. The issues are expected to be completed on June 15, 1992.
 Proceeds from the sale of these debentures will be used to pay for part of Bell Canada's capital expenditures and to provide additional working funds.
 Bell Canada, the largest Canadian telecommunications operating company, markets a full range of state-of-the-art products and services to more than seven million business and residence customers in Ontario, Quebec and parts of the Northwest Territories.
 Bell Canada is a member of Stentor -- an alliance of Canada's major telecommunications companies.
 -0- 5/27/92
 /CONTACT: Lois Carson of Bell Canada, 514-870-7430/ CO: Bell Canada ST: Quebec IN: TLS SU: OFR


SM -- NY087 -- 4497 05/27/92 18:20 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 27, 1992
Words:279
Previous Article:JOHANNA FARMS PRODUCT RECALL
Next Article:INFINITI RATED FIRST IN J.D. POWER QUALITY SURVEY
Topics:


Related Articles
BELL CANADA OFFERS DEBENTURES IN THE CANADIAN AND EUROPEAN MARKETS
BELL CANADA ANNOUNCES U.S. DEBENTURE ISSUE AND REDEMPTION OF 8-3/4 PERCENT DEBENTURES, SERIES DA, DUE 2006
BELL CANADA ANNOUNCES PRIVATE PLACEMENT OF DEBENTURES AND REDEMPTION OF FIRST MORTGAGE BONDS, SERIES BA AND BH
BELL CANADA ANNOUNCES PROPOSED FINANCING AND REDEMPTION OF DEBENTURES
BELL CANADA ISSUES DEBENTURES IN THE CANADIAN AND EUROPEAN MARKETS
BELL CANADA ISSUES DEBENTURES IN THE EUROPEAN MARKET
BELL CANADA ISSUES DEBENTURES AND NOTES IN THE CANADIAN AND EUROPEAN MARKETS
BELL CANADA ANNOUNCES REDEMPTION OF 13 3/8% DEBENTURES, SERIES DJ, DUE 2010
BELL CANADA FILES PRELIMINARY PROSPECTUS TO ISSUE A NEW TIER OF CAPITAL -- SUBORDINATED DEBENTURES
BELL CANADA ISSUES A NEW TIER OF CAPITAL -- SUBORDINATED DEBENTURES

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters