Market Chatter: BCE Weighs Bond Sale of Up to $696 Million

MT Newswires Live
21 Mar

BCE (BCE) is considering selling between CA$750 million and CA$1 billion ($522 million to $696 million) in bonds, potentially as early as Thursday, Bloomberg News reported on Thursday, citing sources familiar with the matter.

The sale would involve junior subordinated bonds issued by its Bell Canada unit, with an initial price indication of about 5.75%, the media outlet reported.

The bonds would have a 30-year maturity and would not be redeemable by the issuer for at least five years.

BCE has engaged BMO Capital Markets, BofA Securities, Scotiabank, and TD Securities to reach out to investors about the possible offering, according to the report.

BCE, BMO Capital Markets, BofA Securities, Scotiabank, and TD Securities did not immediately respond to requests for a comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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