Telus closes billion-dollar debt offerings

Telus (TSX: T) (NYSE: TU) said it has successfully closed its offering of USD1bn in senior unsecured notes in two series: USD500m of seven-year notes with a 3.20 per cent interest rate, Series CO, maturing on April 5, 2021 and USD500m 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, the company said.

Telus Corporation provides a range of telecommunications services and products in Canada. The company operates through two segments, wireless and wireline. The company was founded in 1993 and is based in Vancouver, Canada. Its website is at http://www.telus.com.

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