BCE Completes an Offering of Cumulative Redeemable First Preferred Shares

BCE Inc. completed a public offering of 11,200,000 additional Cumulative Redeemable First Preferred Shares, Series AK, for aggregate gross proceeds of $280,000,000 (including the shares issued pursuant to the exercise of the over-allotment option) on a bought deal basis at an offering price of $25 per share. The offering was made pursuant to a short form prospectus of BCE Inc. dated December 21, 2011, which was filed with the securities regulatory authorities in all provinces of Canada.

The offering was led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and TD Securities Inc. with a syndicate also composed of CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Desjardins Securities Inc., GMP Securities L.P., Laurentian Bank Securities Inc., Macquarie Capital Markets Canada Ltd. and Raymond James Ltd.

BCE Inc. was represented in-house by Ildo Ricciuto, Assistant General Counsel, Financings & Compliance and Geneviève Filion, Legal Counsel and assisted by Stikeman Elliott LLP, with a team that included Jean Marc Huot, Benoît Dubord, Andrée-Anne Arbour-Boucher and Amy Chao (corporate/securities) and Frank Mathieu and Éric Lévesque (tax).

Solomon Sananes, Karine Fadous and David Crandall (corporate/securities) and Derek Chiasson (tax) of Norton Rose Canada LLP acted for the underwriters.