Bell Canada Announces Offering Of US$2.25 Bln Of Fixed-to-Fixed Rate Junior Subordinated Notes
From Nasdaq: 2025-02-12 22:24:52
Bell Canada is offering US$2.25 billion in Fixed-to-Fixed Rate Junior Subordinated Notes in two series. Series A, worth US$1 billion, will have an initial interest rate of 6.875% and reset every five years. Series B, worth US$1.25 billion, will have an initial interest rate of 7.000% and reset every five years. The offering is expected to close on February 18, 2025, and the Notes will be guaranteed by BCE Inc. Proceeds will be used to repurchase, redeem, or repay senior indebtedness and for general corporate purposes.
Read more at Nasdaq: Bell Canada Announces Offering Of US$2.25 Bln Of Fixed-to-Fixed Rate Junior Subordinated Notes