India, Feb. 12 -- Bell Canada announced the offering of US$2.25 billion aggregate principal amount of Fixed-to-Fixed Rate Junior Subordinated Notes in two series.
The US$1 billion Fixed-to-Fixed Rate Junior Subordinated Notes, Series A due 2055 will initially bear interest at an annual rate of 6.875% and reset every five years starting on September 15, 2030 at an annual rate equal to the five-year U.S. Treasury rate plus a spread of 2.390%, provided that the interest rate during any five-year interest period will not reset below 6.875%.
The US$1.25 billion Fixed-to-Fixed Rate Junior Subordinated Notes, Series B due 2055 will initially bear interest at an annual rate of 7.000% and reset every five years starting on September 15, 2035 at an...