Analyst Research

Report Title Price
Provider: S&P Capital IQ – STARS Reports
$127.00
Provider: Pechala's Reports
$15.00
Provider: Pechala's Reports
$25.00
Provider: Reuters Investment Profile
$20.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

TELUS Corp Announces Offering Of CAD1.7 Billion In New Debt Notes


Tuesday, 26 Mar 2013 02:52pm EDT 

TELUS Corp announced it is offering CAD1.7 billion of senior unsecured notes in two tenors, the first with an 11-year maturity, the second with a 30-year maturity. The notes are offered through a syndicate of agents led by CIBC World Markets, RBC Capital Markets, and Scotia Capital. Closing of the offering is expected to occur on or about April 1, 2013. The 3.35%11-year Notes, Series CK, were priced at $99.435 per $100 principal amount for an effective yield of 3.412 per cent per annum and will mature on April 1, 2024. The 4.40 per cent 30-year Notes, Series CL, were priced at $99.768 per $100 principal amount for an effective yield of 4.414% per annum and will mature on April 1, 2043. The net proceeds of the offering will be used to repay the Company's outstanding CAD300 million of 5.00% Series CB Notes due June 3, 2013 at maturity, to fund the proposed early redemption of the Company's outstanding CAD700 million of 4.95% Series CF Notes due May 15, 2014, to repay outstanding commercial paper (short term floating rate debt) and for general corporate purposes. TELUS has filed a prospectus supplement to its short form base shelf prospectus dated October 3, 2011 with securities regulatory authorities in Canada and the United States. 

Company Quote

36.38
-0.23 -0.63%
11 Jul 2014