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TELUS announces pricing of US$ and CAD$ junior subordinated notes offerings
TELUS announces pricing of US$ and CAD$ junior subordinated notes offerings Canada NewsWi...
About this update from Telus Corporation
[{"type":"text","content":"\n\n\nTELUS announces pricing of US$ and CAD$ junior subordinated notes offerings\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nBase shelf prospectus is accessible, and prospectus supplement will be accessible for CAD$ offering within two business days, through SEDAR+\nVANCOUVER, BC, Dec. 4, 2025 /CNW/ - TELUS announced today it has priced an offering of US$1.5 billion aggregate principal amount of Fixed-to-Fixed Rate Junior Subordinated Notes in two series (together, the \"US Notes\"). \n\n\n\n\n\n\n\nThe US$800 million Fixed-to-Fixed Rate Junior Subordinated Notes, Series C due June 9, 2056 will initially bear interest at an annual rate of 6.375% and reset every five years starting on June 9, 2031 at an annual rate equal to the Five-Year U.S. Treasury rate plus a spread of 2.694%, provided that the interest rate during any five-year interest period will not reset below 6.375%. The US$700 million Fixed-to-Fixed Rate Junior Subordinated Notes, Series D due June 9, 2056 will initially bear interest at an annual rate of 6.625% and reset every five years starting on June 9, 2036 at an annual rate equal to the Five-Year U.S. Treasury rate plus a spread of 2.515%, provided that the interest rate during any five-year interest period will not reset below 6.625%.\nThe US Notes are offered through a syndicate of underwriters led by CIBC Capital Markets, BMO Capital Markets, TD Securities and Wells Fargo Securities. Closing of the offering is expected to occur on or about December 9, 2025, subject to the satisfaction of customary closing conditions.\nTELUS also announced today it has priced an offering of CAD$800 million aggregate principal amount of Fixed-to-Fixed Rate Junior Subordinated Notes in two series (together, the \"Canadian Notes\"). \nThe CAD$400 million Fixed-to-Fixed Rate Junior Subordinated Notes, Series CAT due June 9, 2056 will initially bear interest at an annual rate of 5.375% and reset every five years starting on June 9, 2031 to an annual rate equal to the prevailing five-year Government of&#...