C$600 million 3.65% 5-year Notes
VANCOUVER, May 19 /CNW/ - TELUS announced today the pricing of its
offering of C$600 million senior unsecured notes. The notes are offered
through a syndicate of agents led by CIBC World Markets and Scotia
Capital. Closing of the offering is expected to occur on or about May
The 3.65% 5-year notes, Series CI (the "Notes") were priced at $99.629
per $100 principal amount for an effective yield of 3.732% per annum
and will mature on May 25, 2016.
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.
TELUS will be filing a prospectus supplement to its short form base
shelf prospectus dated September 3, 2009 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 supplement.
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 to be 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.
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.
For more information about TELUS, please visit telus.com.
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