C$700 million 4.95% five-year Notes
VANCOUVER, May 14 /CNW/ - TELUS announced today the pricing of its
offering of C$700 million senior unsecured Notes. The Notes are offered
through a syndicate of agents led by RBC Capital Markets and Scotia Capital
Inc., which also includes BMO Capital Markets, CIBC World Markets Inc., TD
Securities, Desjardins Securities Inc., HSBC Securities (Canada) Inc. and
National Bank Financial.
The 4.95% five-year Notes, Series CF were priced at $99.996 per $100
principal amount for an effective yield of 4.951% per annum and will mature on
May 15, 2014.
The net proceeds of the sale of the Notes offered hereby will be used for
general corporate purposes, including to repay amounts outstanding under the
2007 Credit Facility and outstanding commercial paper. Closing of the offering
is expected to occur on or about May 20, 2009.
TELUS will be filing a prospectus supplement to its short form base shelf
prospectus dated August 30, 2007 with the 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 in 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 RBC Capital Markets, Debt Capital
Markets, 200 Bay Street, 2nd Floor, North Tower, Toronto, Ontario M5J 2W7.
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications
company in Canada, with $9.7 billion of annual revenue and 11.6 million
customer connections including 6.2 million wireless subscribers, 4.2 million
wireline network access lines, and 1.2 million Internet subscribers. 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
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 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
For further information:
For further information: Robert Mitchell, TELUS Investor Relations,
(416) 279-3219, email@example.com; Shawn Hall, TELUS Media Relations, (604)