TELUS Closes $1 Billion of Debt Offerings

NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: TELUS Corporation 
TSX SYMBOL:  T
NYSE SYMBOL:  TU 
APRIL 4, 2014 
TELUS Closes $1 Billion of Debt Offerings 
Average term to maturity now 10.3 years, compared to 5.5 years at the end of
2012   Average cost of long-term debt now 4.89 per cent compared to 5.44 per
cent at the end of 2012 
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 4, 2014) - TELUS
(TSX:T)(NYSE:TU) announced today it has successfully closed its previously
announced offering of $1 billion in senior unsecured notes in two series - $500
million of 7-year Notes with a 3.20 per cent interest rate, Series CO, maturing
on April 5, 2021 and $500 million of 30-year Notes with a 4.85 per cent
interest rate, Series CP, maturing on April 5, 2044. 
The net proceeds will be used to repay bank indebtedness incurred to pay for
the 700 MHz spectrum licences and for general corporate purposes. 
"With the successful completion of our debt offering today, TELUS once
again demonstrated its ability to access the capital markets and take advantage
of the low interest rate environment. The continued strength of our balance
sheet allows TELUS the unique ability to simultaneously invest in advanced
broadband technologies, acquire valuable wireless spectrum for the benefit of
our customers, and return significant amounts of cash to our shareholders
through our multi-year share purchase and dividend growth programs," said
Darren Entwistle, TELUS President and CEO. "Our sustained focus on
strategic investments in our networks and commitment to delivering an
exceptional customer experience, has placed TELUS in the rare position globally
of delivering sustainable profitable growth in both our wireless and wireline
segments." 
The offering was made pursuant to a prospectus supplement dated April 1, 2014
to TELUS' short form base shelf prospectus dated November 15, 2013 filed
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 U.S.
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 TD Securities
Inc., 222 Bay Street, 7th floor, Toronto Ontario, M5K 1A2 c/o Patrick Scace,
telephone 416-308-2172 or e-mail Patrick.Scace@tdsecurities.com. 
Forward Looking Statements  
This news release contains statements about financial and operating performance
of TELUS (the Company) and future events, including with respect to future
dividend increases and normal course issuer bids through 2016 that are
forward-looking. By their nature, forward-looking statements require the
Company to make assumptions and predictions and are subject to inherent risks
and uncertainties. There is significant risk that the forward-looking
statements will not prove to be accurate. Readers are cautioned not to place
undue reliance on forward-looking statements as a number of factors could cause
actual future performance and events to differ materially from that expressed
in the forward-looking statements. Accordingly, this news release is subject to
the disclaimer and qualified by the assumptions (including assumptions for the
semi-annual dividend increases through 2016, ability to sustain and complete
multi-year share purchase programs through 2016), qualifications and risk
factors referred to in the 2013 annual report, and in other TELUS public
disclosure documents and filings with securities commissions in Canada (on
SEDAR at sedar.com) and in the United States (on EDGAR at sec.gov). Except as
required by law, TELUS disclaims any intention or obligation to update or
revise forward-looking statements, and reserves the right to change, at any
time at its sole discretion, its current practice of updating annual targets
and guidance. 
About TELUS  
TELUS (TSX:T)(NYSE:TU) is Canada's fastest-growing national
telecommunications company, with $11.4 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
815,000 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.  
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Ian McMillan
TELUS Investor Relations
(604) 697-8107
ir@TELUS.com
or
Shawn Hall
TELUS Media Relations
604-619-7913
Shawn.Hall@TELUS.com 
INDUSTRY:  Telecom - Telecommunication Services 
SUBJECT:  STK 
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-0- Apr/04/2014 13:26 GMT
 
 
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