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 email email@example.com.
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company
in Canada, with $10.8 billion of annual revenue and 13.0million customer
connections including 7.6million wireless subscribers, 3.4million wireline
network access lines, 1.3million 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
Ian McMillan TELUS Investor Relations (604) 697-8107 ir@TELUS.com
Shawn Hall TELUS Media Relations (604) 697-8176 Shawn.Hall@TELUS.com
SOURCE: TELUS Corporation
To view this news release in HTML formatting, please use the following URL:
CO: TELUS Corporation
ST: British Columbia
NI: TLS NEWSTK
-0- Dec/06/2012 17:59 GMT
Press spacebar to pause and continue. Press esc to stop.