TELUS prices $800 million re-opening of fixed-to-fixed rate junior subordinated notes for debt reduction.

From Nasdaq: 2025-06-16 23:36:00

TELUS announced the pricing of an $800 million re-opening of its fixed-to-fixed rate junior subordinated notes, Series CAR and Series CAS, with a 30-year maturity. The offering is expected to close on or about June 19, 2025. The 6.25% fixed-to-fixed rate junior subordinated notes, Series CAR, are priced at $102.625 per $100 principal amount, while the 6.75% fixed-to-fixed rate junior subordinated notes, Series CAS, are priced at $104.500 per $100 principal amount. The company plans to use the net proceeds to reduce outstanding indebtedness and for general corporate purposes.



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