Bell to raise $1B to help pay for CTV purchase

MONTREAL - Bell Canada announced a public offering of $1 billion of medium term debentures that it says it will use to help fund its purchase of CTVglobemedia Inc.The 4.40% debentures, Series M-22, will be dated March 16, 2011 and will mature on March 16, 2018. Issued at a price of $99.92 per $100 principal amount for a yield to the investor of 4.414% per annum, compounded semi-annually, they will be fully and unconditionally guaranteed by Bell Canada's parent, BCE Inc. Moody's Investors Service assigned a Baa1 rating to the senior unsecured notes issue, the same rating level as the company's existing...