Bell Canada Completes $1B Public Offering of Medium-Term Note Debentures

On December 2, 2010, Bell Canada closed a public offering of $1 billion of 3.60 per cent medium-term note debentures, series M-21, maturing on December 2, 2015. The offering was made pursuant to a pricing supplement dated November 30, 2010 to Bell Canada's September 3, 2009 base shelf prospectus and September 4, 2009 prospectus supplement.

The offering was led by BMO Nesbitt Burns Inc., CIBC World Markets Inc. and National Bank Financial Inc. with a syndicate composed of Desjardins Securities Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc. and Casgrain & Company Limited.

Bell Canada was represented in-house by Ildo Ricciuto, Assistant General Counsel, Financings & Compliance and by Jean Marc Huot, Benoît Dubord and Amy Chao of Stikeman Elliott LLP.

Francis Legault, Solomon Sananes, Elliot Shapiro and Marie-Claude Mailloux of Ogilvy Renault LLP acted for the dealers.