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BELL CANADA ANNOUNCES U.S. DEBENTURE ISSUE AND REDEMPTION OF 8-3/4 PERCENT DEBENTURES, SERIES DA, DUE 2006

 BELL CANADA ANNOUNCES U.S. DEBENTURE ISSUE AND REDEMPTION OF
 8-3/4 PERCENT DEBENTURES, SERIES DA, DUE 2006
 MONTREAL, May 18 /PRNewswire/ -- Bell Canada today announced the public offering of US $200 million of debentures in the United States. The 7.75 percent Debentures, Series EL, will mature on April 1, 2006, and will be issued at a price of 99.657 to yield 7.79 percent. The issue is underwritten by Goldman Sachs & Co. The issue is expected to be completed on May 26, 1992.
 The proceeds of the issue of the Series EL Debenture will be used to redeem, prior to maturity, all of Bell's US $200 million principal amount of 8-3/4 percent Debentures, Series DA, due 2006, at a price equal to 102.88 percent of the principal amount plus accrued interest.
 A formal notice of redemption will be mailed in the near future to all registered holders of Series DA Debentures.
 Bell Canada, the largest Canadian telecommunications operating company, markets a full range of state-of-the-art products 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- 5/18/92
 /CONTACT: Lois Carson of Bell Canada, 514-870-7430/ CO: Bell Canada ST: Quebec IN: TLS SU: OFR


SH -- NY058 -- 1386 05/18/92 13:46 EDT
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Publication:PR Newswire
Date:May 18, 1992
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