Cable / Telecom News

Bell raising a billion

MONTREAL – Late Monday, Bell Canada announced the public offering of $1 billion of Medium Term Debentures (MTN Debentures).Pursuant to its medium term debenture program. The 3.6% MTN Debentures, Series M-21, will be dated December 2, 2010, mature on December 2, 2015 and will be issued at a price of $99.832 for a yield to the investor of 3.637% compounded semi-annually. The net proceeds of this offering will be used for general corporate purposes, including to pre-fund debt repayments, says the press