TELUS Offering $800 Million in New Debt
7-year $400 million of notes with 3.60 per cent interest rate
30-year $400 million of notes with 5.15 per cent interest rate
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/21/13 -- TELUS
(TSX:T)(NYSE:TU) announced today it is offering $800 million of
senior unsecured notes in two tenors, the first with 7-year maturity,
the second with 30-year maturity. The notes are offered through a
syndicate of agents led by CIBC World Markets, TD Securities Inc.,
and Scotia Capital. Closing of the offering is expected to occur on
or about November 26, 2013.
The 3.60 per cent 7-year Notes, Series CM, were priced at $99.715 per
$100 principal amount for an effective yield of 3.645 per cent per
annum and will mature on January 26, 2021. The 5.15 per cent 30-year
Notes, Series CN, were priced at $99.500 per $100 principal amount
for an effective yield of 5.183 per cent per annum and will mature on
November 26, 2043.
The net proceeds will be used to repay outstanding commercial paper,
if regulatory approval is obtained, to fund the acquisition of 100
per cent of Public Mobile Inc. (a Canadian mobile carrier), and the
balance for other general corporate purposes.
TELUS will be filing a prospectus supplement to its short form base
shelf prospectus dated November 15, 2013 with securities regulatory
authorities in Canada and the United States.
This media 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 Canadian or United States securities regulatory authority, nor
has any authority passed upon the accuracy or adequacy of the short
form base shelf prospectus or the prospectus supplement.
Copies of the short form base shelf prospectus and the prospectus
supplement relating to the offering of the Notes filed with
securities regulatory authorities in Canada and the United States 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 email@example.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 amounts, 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 TELUS' Management's discussion and analysis and
Annual Information Form, and in other filings with securities
regulatory authorities in Canada and the United States. Except as
required by law, TELUS disclaims any intention or obligation to
update or revise forward-looking statements.
TELUS (TSX: T, NYSE: TU) is a leading national telecommunications
company in Canada, with $11.3 billion of annual revenue and 13.3
million customer connections including 7.8 million wireless
subscribers, 3.3 million wireline network access lines, 1.4 million
Internet subscribers and 776,000 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 video.
TELUS Investor Relations
TELUS Media Relations
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