VANCOUVER, May 25, 2011 /CNW/ - TELUS announced today the successful
closing of its previously announced offering of C$600 million senior
unsecured Notes. The 3.65% 5-year Notes, Series CI mature on May 25,
The net proceeds of the sale of the Notes offered will be applied
towards the repayment of TELUS Corporation's 8% notes due June 1, 2011.
The offering was made pursuant to a prospectus supplement dated May 19,
2011 to TELUS' short form base shelf prospectus dated September 3, 2009
filed with securities regulatory authorities in Canada.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy the securities in any jurisdiction. The
securities being offered have not been approved or disapproved by any
regulatory authority, nor has any authority passed upon the accuracy or
adequacy of the short form base shelf prospectus or the prospectus
The Notes have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"),
or any state securities laws and may not be offered or sold in the
United States or to or for the benefit of U.S. Persons (as defined in
Regulation S of the U.S. Securities Act). This news release does not
constitute an offer to sell or a solicitation of an offer to buy any of
the Notes in the United States.
Copies of the short form base shelf prospectus and the prospectus
supplement relating to the offering of the Notes filed with securities
regulatory authorities may be obtained from CIBC World Markets Inc.,
Debt Capital Markets, 161 Bay Street, 5th floor, Toronto Ontario, M5J
2S8 c/o Scott Burrows, telephone 416-956-3049 or e-mail firstname.lastname@example.org.
About TELUS (To be updated)
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications
company in Canada, with $9.9 billion of annual revenue and 12.3 million
customer connections including 7 million wireless subscribers, 3.7
million wireline network access lines and 1.2 million Internet
subscribers and more than 350,000 TELUS TV customers. Led since 2000 by
President and CEO, Darren Entwistle, TELUS provides a wide range of
communications products and services including data, Internet protocol
(IP), voice, entertainment and video.
Forward Looking Statements
This news release contains forward looking statements. Forward looking
statements are not based on historical facts, but rather on current
expectations, Company assumptions and projections about future events
and are therefore subject to risks and uncertainties which could cause
actual results, performance or achievements to differ materially from
the future results expressed or implied by the forward looking
statements. Such statements are qualified in their entirety by the
inherent risks and uncertainties surrounding future expectations.
Company assumptions and risk factors are listed from time to time in
TELUS' reports, public disclosure documents including Management's
discussion and analysis, Annual Information Form, and in other filings
with securities regulatory authorities in Canada and the United States.
SOURCE TELUS Corporation
For further information:
TELUS Investor Relations
TELUS Media Relations