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BELL CANADA ISSUES DEBENTURES IN THE EUROPEAN MARKET

 MONTREAL, May 11 /PRNewswire/ -- Bell Canada today announced the offering of $200 million of debentures in Europe. The debentures, Series ER, will be dated June 9, 1993, will mature on June 9, 2003 and will be offered at 101.875 with an annual coupon rate of 8.50 percent. The issue will be underwritten by a group of leading banks and other financial institutions headed by Wood Gundy Inc.
 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 Quebec and Ontario.
 Bell Canada is a member of Stentor - an alliance of Canada's major telecommunications companies.
 -0- 5/11/93
 /CONTACT: Anna di Giorgio, 514-870-2211, for Bell Canada/
 (BC.)


CO: Bell Canada ST: Quebec IN: TLS SU:

SH -- NY081 -- 7174 05/11/93 15:16 EDT
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Publication:PR Newswire
Date:May 11, 1993
Words:168
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