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Canada : TELUS intends to redeem 2015 Notes early

August 8, 2014



TELUS announced today it intends to exercise its right to redeem its Canadian dollar denominated $500 million 5.95 per cent, Series CE, Notes due April 15, 2015 early, on September 8, 2014 (the Notes , CUSIP No. 87971MAH6). The Notes were issued in April 2008.

The redemption price will be based on the Government of Canada Yield, as defined in the trust indenture pursuant to which such Notes were issued. Note-holders will also receive the accrued portion of the semi-annual interest payment for the period ending September 8, 2014.

TELUS plans to finance the redemption through a new debt issue and/or funds available under its existing credit facilities. TELUS intends to give notice of redemption today in accordance with the governing trust indenture.


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Source: TendersInfo (India)


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