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BELL CANADA OFFERS DEBENTURES IN THE CANADIAN AND EUROPEAN MARKETS

 BELL CANADA OFFERS DEBENTURES IN THE CANADIAN AND EUROPEAN MARKETS
 MONTREAL, Feb. 26 /PRNewswire/ -- Bell Canada today announced the offering in Canada of $125 million of debentures. The 9.70 percent Debentures, Series EJ, will be dated March 16, 1992, will mature on December 15, 2032 and will be issued at 99.67 to yield 9.73 percent. The issue is underwritten by Wood Gundy Inc., Burns Fry Limited, Levesque Beaubien Geoffrion Inc., Nesbitt Thomson Ltd. and Richardson Greenshields of Canada Limited. The issue is expected to be completed on March 16, 1992. 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 Can. $125 million of debentures in Europe. The debentures, Series EK, will be dated March 25, 1992, will mature July 25, 1997 and will be offered at 101.95 with an annual coupon rate of 8 7/8 percent. The issue will be underwritten by a group of leading banks and other financial institutions headed by UBS Phillips & Drew Securities Limited.
 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 nearly seven million business and residence customers in Ontario, Quebec and parts of the Northwest Territories.
 -0- 2/26/92
 /CONTACT: Lois Carson of Bell Canada, 514-870-7430/
 (BC.) CO: Bell Canada ST: Quebec IN: TLS SU: OFR


TQ -- NY082 -- 2987 02/26/92 16:59 EST
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Publication:PR Newswire
Date:Feb 26, 1992
Words:268
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