Debt due within one year (Tables)

12 Months Ended

Dec. 31, 2021


FOR THE YEAR ENDED DECEMBER 31	NOTE	WEIGHTED AVERAGE INTEREST RATE AT DECEMBER 31, 2021		2021	2020
Notes payable(1)	29	0.07	%	735	392
Loans secured by trade receivables	29	1.10	%	900	1,050
Long-term debt due within one year(2)	25	4.01	%	990	975





Total debt due within one year				2,625	2,417

(1)Includes commercial paper of $561 million in U.S. dollars ($711 million in Canadian dollars) and $274 million in U.S. dollars ($349 million in Canadian dollars) as at December 31, 2021 and December 31, 2020, respectively, which were issued under our U.S. commercial paper program and have been hedged for foreign currency fluctuations through forward currency contracts. See Note 29, Financial and capital management, for additional details.

(2)Included in long-term debt due within one year is the current portion of lease liabilities of $864 million and $754 million as at December 31, 2021 and December 31, 2020, respectively.


FOR THE YEAR ENDED DECEMBER 31			NOTE	WEIGHTED AVERAGE INTEREST RATE AT DECEMBER 31, 2021		MATURITY	2021	2020
	Debt securities
		1997 trust indenture		3.67	%	2023-2051	16,750	16,400
		1976 trust indenture		9.38	%	2027-2054	975	1,100
		2011 trust indenture		4.00	%	2024	225	225
		2016 U.S. trust indenture (1)		3.26	%	2024-2052	5,188	2,228
		1996 trust indenture (subordinated)		8.21	%	2026-2031	275	275
	Lease liabilities			4.13	%	2022-2065	4,309	4,356

	Other						438	386
Total debt							28,160	24,970
	Net unamortized discount						(26)	(19)
	Unamortized debt issuance costs						(96)	(70)
	Less:
		Amount due within one year	24				(990)	(975)
Total long-term debt							27,048	23,906

(1)At December 31, 2021 and 2020, notes issued under the 2016 U.S. trust indenture totaled $4,100 million and $1,750 million in U.S. dollars, respectively, and have been hedged for foreign currency fluctuations through cross currency interest rate swaps. See Note 29, Financial and capital management, for additional details.

Details of securitized trade receivables

The following table provides further details on our securitized trade receivables programs during 2021 and 2020.


FOR THE YEAR ENDED DECEMBER 31	2021		2020
Average interest rate throughout the year	1.07	%	1.58	%
Securitized trade receivables	1,701		2,007

Summary of total bank credit facilities

The table below is a summary of our total bank credit facilities at December 31, 2021.


	TOTAL AVAILABLE	DRAWN	LETTERS OF CREDIT	COMMERCIAL PAPER OUTSTANDING	NET AVAILABLE
Committed credit facilities
Unsecured revolving and expansion credit facilities (1)(2)	3,500	—	—	711	2,789
Other	106	—	106	—	—
Total committed credit facilities	3,606	—	106	711	2,789
Total non-committed credit facilities	1,939	—	1,060	—	879
Total committed and non-committed credit facilities	5,545	—	1,166	711	3,668

(1)Bell Canada’s $2.5 billion committed revolving credit facility expires in May 2026 and its $1 billion committed expansion credit facility expires in May 2024.

(2)As of December 31, 2021, Bell Canada’s outstanding commercial paper included $561 million in U.S. dollars ($711 million in Canadian dollars). All of Bell Canada’s commercial paper outstanding is included in Debt due within one year.



Restrictions