©Reuters.
MONTREAL – Bell Canada, the country's largest telecommunications company, has announced it will issue US$1.45 billion in banknotes in the United States. The offering includes two series of notes, the first series consisting of US$700 million, 5.200% Series US-9 notes, scheduled to mature on February 15, 2034; The series consists of US$750 million, 5.550% Series US-10 notes with a maturity date of February 15, 2034. Expires on February 15, 2054.
Series US-9 Notes are issued at US$99.823 per $100 principal amount and yield to maturity of 5.223%. Series US-10 notes will be issued at $99.869 per $100 principal amount and yield to maturity of 5.559%. In the United States, a syndicate of underwriters manages initial public offerings.
Bell Canada will use the net proceeds from this offering to repay its US$600 million Series US-3 Notes due in March 2024 and will use the 3,800 MHz The proceeds will be used to pay for spectrum licenses. and other general corporate purposes, including the repayment of short-term debt.
The Notes offering is expected to close on February 15, 2024, subject to customary closing conditions. Both series of notes are fully and unconditionally guaranteed by BCE (NYSE:) Inc., the parent company of Bell Canada.
The offering is being made in the United States pursuant to a prospectus supplement to Bell's short-form base shelf prospectus filed with the Securities and Exchange Commission as part of a shelf registration statement on Form F-10. This note is not offered to Canada or Canadian residents.
The forward-looking statements in this press release are made under the “safe harbor” provisions of Canadian securities laws and the U.S. Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially. from what is projected.
Founded in Montreal in 1880, Bell Canada provides a wide range of communications services across Canada, including advanced broadband wireless, television, Internet, media and business communications services. Bell for Better is the company's investment initiatives focused on supporting social and economic prosperity in communities, including the Bell Let's Talk initiative on mental health in Canada.
This news article is based on a press release statement from Bell Canada.
Investment Pro Insights
Investors are keeping a close eye on Bell Canada's financial health and market performance as the company enters the U.S. bond market with a large bond issuance. BCE Inc. ., its parent company. BCE's commitment to returning value to shareholders is evidenced by its long history of dividend payments. Notably, BCE has increased its dividend for 15 consecutive years and maintained its dividend payments for an impressive 54 consecutive years, reflecting its stable cash flow and shareholder-friendly policies. This reliability of dividend payments is an encouraging sign for investors, especially considering the company's impressive dividend yield of 7.81% as of the trailing twelve months ending in Q1 2023.
BCE stock is known for its low price volatility, and could be a point of interest for investors looking for a stable investment, despite four analysts recently revising down next year's earnings. . Additionally, the company's position as a prominent player in the diversified telecommunications services industry highlights its market relevance and potential resilience.
From a financial perspective, BCE has a market capitalization of $34.67 billion and a trailing 12-month adjusted price-to-earnings ratio (P/E) of 20.25x as of Q1 2023. This evaluation index is extremely important for investors to evaluate companies. A company's profitability compared to its current stock price. Furthermore, BCE's revenue grew by 2.06% over the same period, indicating a steady upward trend in its financial performance.
For investors who want to dig deeper into BCE's financials and market potential, more InvestingPro tips are available, including short-term debt, profitability projections, and insights on trading positions compared to 52-week highs and lows. Is possible. To explore these additional tips and metrics, visit InvestingPro and consider using a coupon code. pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions. A total of 9 additional InvestingPro tips are listed for BCE, providing comprehensive analysis for informed investment decisions.
This article was generated with the help of AI and reviewed by an editor. Please see our Terms of Use for more information.
