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BCE ( (TSE:BCE) ) has provided an update.
On February 18, 2025, BCE Inc. announced a significant financial move through its subsidiary, Bell Canada, with the issuance of US$2.25 billion in fixed-to-fixed rate junior subordinated notes due in 2055. This issuance includes US$1 billion in Series A Notes and US$1.25 billion in Series B Notes, guaranteed on a junior subordinated basis by BCE Inc. This strategic financial maneuver, underwritten by major financial institutions such as BofA Securities and Citigroup Global Markets, is aimed at strengthening Bell Canada’s financial position and market competitiveness. The issuance is part of a broader effort to leverage favorable market conditions and secure long-term capital, potentially impacting stakeholders by enhancing the company’s capacity to invest in network improvements and expand service offerings, thereby solidifying its industry position.
More about BCE
BCE Inc. is a major player in the telecommunications industry, primarily offering services through its subsidiary, Bell Canada. The company focuses on providing communication services, including fixed-line and wireless telephony, internet services, and digital television, across Canada.
YTD Price Performance: 2.41%
Average Trading Volume: 3,980,639
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.7B
Learn more about BCE stock on TipRanks’ Stock Analysis page.
