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BELL CANADA ANNOUNCES SWISS FRANC DEBT ISSUE

 MONTREAL, Jan. 8 /PRNewswire/ -- Bell Canada announced the public offering in Switzerland of an issue of Swiss Franc debt securities amounting to SF 300 million.
 The securities will be issued at a price of 101-1/4 and will bear interest at the rate of 5-1/2 percent per annum. They will be dated Feb. 5, 1993, and will mature on Feb. 5, 2003. The Swiss Franc obligations resulting from this issue will be swapped into U.S. dollar obligations. The issue will be underwritten by a group of leading banks and other financial institutions headed by Union Bank of Switzerland.
 The proceeds of the issue will be used to redeem, on Feb. 8, 1993, prior to maturity, all of Bell Canada's U.S. $200 million principal amount of 9 percent Debentures, Series DE, due 2008 at a price equal to 103.60 percent of the principal amount plus accrued interest.
 A formal notice of redemption will be mailed to all registered holders of Series DE debentures.
 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 and Quebec.
 Bell Canada is a member of Stentor - an alliance of Canada's major telecommunications companies.
 -0- 1/8/93
 /CONTACT: Lois Carson, corporate public relations of Bell Canada, 514-870-7430/


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

LR -- NY055 -- 3135 01/08/93 15:46 EST
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Publication:PR Newswire
Date:Jan 8, 1993
Words:242
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