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BELL CANADA ISSUES DEBENTURES IN THE CANADIAN AND EUROPEAN MARKETS

 MONTREAL, Feb. 11 /PRNewswire/ -- Bell Canada today announced the offering of $150 million of debentures in Canada. The 9.25 percent debentures, Series EO, will be dated March 1, 1993, will mature May 15, 2053 and will be issued at 99.9. The Series EO debentures will be offered to the public at prices to be negotiated by the underwriters with purchasers. The issue is underwritten by Wood Gundy Inc., RBC Dominion Securities Inc., Burns Fry Limited, Levesque Beaubien Geoffrion Inc., Toronto Dominion Securities Inc., Nesbitt Thomson Ltd., Richardson Greenshields of Canada Limited and ScotiaMcLeod Inc. The issue is expected to be completed on March 1, 1993. A preliminary prospectus relating to this issue will be filed with the various securities commissions in Canada.
 Bell Canada also today announced the offering of $150 million of debentures in Europe. The debentures, Series EP, will be dated March 10, 1993, will mature on March 10, 1998 and will be offered at 101.775 with an annual coupon rate of 8 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 Ontario and Quebec.
 -0- 2/11/93
 /CONTACT: Lois Carson of Bell Canada, 514-870-7430/


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

SM -- NY094 -- 5927 02/11/93 17:42 EST
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Date:Feb 11, 1993
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