10-year Notes with 3.35% interest rate
VANCOUVER, Dec. 6, 2012 /CNW/ - TELUS announced today the pricing of its
offering of C$500 million senior unsecured Notes. The Notes are offered
through a syndicate of agents led by Scotia Capital and CIBC World
Markets. Closing of the offering is expected to occur on or about
December 11, 2012.
The 3.35% 10-year Notes, Series CJ (the "Notes") were priced at $99.883
per $100 principal amount for an effective yield of 3.364% per annum
and will mature on March 15, 2023.
The net proceeds of the sale of the Notes offered will be applied
towards the repayment of outstanding commercial paper, which is
short-term floating rate debt issued by TELUS.
TELUS will be filing a prospectus supplement to its short form base
shelf prospectus dated October 3, 2011 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 in Canada may be obtained from Scotia
Capital Inc., Debt Capital Markets, 40 King Street West, 68th floor,
Toronto, Ontario, M5H 1H1 c/o Greg Greer, telephone 416-863-7298 or
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications
company in Canada, with $10.8 billion of annual revenue and
13.0 million customer connections including 7.6 million wireless
subscribers, 3.4 million wireline network access lines, 1.3 million
Internet subscribers and more than 635,000 TELUS TV customers. Led
since 2000 by President and CEO, Darren Entwistle, TELUS provides a
wide range of communications products and services including wireless,
data, Internet protocol (IP), voice, television, entertainment and
For more information about TELUS, please visit telus.com.
Forward Looking Statements
This media 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