On March 27, 2025, Bell Canada ("Bell") settled its cash tender offer of $1.13 billion aggregate principal amount of the 3.50 percent MTN Debentures Series M-51 due 2050.

The transaction was jointly led by RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc. as lead dealer managers, and BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc., CIBC World Markets Inc., Desjardins Securities Inc., National Bank Financial Inc., Citigroup Global Markets Canada Inc., Wells Fargo Securities Canada, Ltd., Mizuho Securities Canada Inc., SMBC Nikko Securities Canada, Ltd. and Barclays Capital Canada Inc. as co-dealer managers (collectively, the "Dealer Managers").

McCarthy Tétrault assisted the dealer managers with a team led by Fraser Bourne that included Vincent Laurin, Janie L.-Roy and Karolina Kasparov (Business), and Christian Meighen and Julien Leblanc (Tax).