Bell Canada to redeem Series M-32 debentures due September 2016

Bell Canada will redeem on March 31, 2016, prior to maturity, all of its outstanding USD500 million principal amount of 5.41 percent Debentures, Series M-32, due September 26, 2016, the company said.

The Series M-32 Debentures will be redeemed at a price equal to the greater of the “Canada Yield Price” and the principal amount of the Series M-32 Debentures, together in each case with accrued and unpaid interest up to, but excluding, the Redemption Date.

Bell is a Canada-based communications company, providing consumers and business customers with wireless, TV, Internet, home phone and business communications services. It is wholly owned by Montréal´s BCE Inc. (TSX, NYSE: BCE).