US EditionPublished • loading... • Updated
TELUS announces pricing of US$ and CAD$ junior subordinated notes offerings
TELUS will use proceeds from US$1.5 billion and CAD$800 million note sales to fund a US$500 million tender offer and repay debt, with closing expected Dec. 9, 2025.
- On December 4, 2025, TELUS priced US$1.5 billion and CAD$800 million of Fixed-to-Fixed Rate Junior Subordinated Notes in two series.
- TELUS said it will use proceeds to fund a tender offer and may adjust the Maximum Purchase Amount, with remaining net proceeds repaying indebtedness including redeeming the $600 million 3.75% Notes, Series CV due March, 2026.
- Due June 9, 2056, the notes feature the US$800 million Series C with a 6.375% initial rate resetting every five years starting June 9, 2031, and the CAD$400 million Series CAU at 5.875% resetting from June 9, 2036.
- On December 4, 2025, the Tender Offer began to purchase for cash up to $500 million of specified outstanding TELUS notes, with closing expected on or about December 9, 2025, subject to customary closing conditions.
- Prospectus supplements will be filed on SEDAR+ and EDGAR by syndicates led by CIBC Capital Markets, BMO Capital Markets and TD Securities, with securities unapproved by regulators.
Insights by Ground AI
63 Articles
63 Articles
Coverage Details
Total News Sources63
Leaning Left6Leaning Right6Center21Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 18%
C 64%
R 18%
Factuality
To view factuality data please Upgrade to Premium
