Telus closes $1.0B of debt offerings

VANCOUVER – Telus has successfully closed its previously announced dual-tranche offering totaling $1.0 billion in senior unsecured notes.The company said Tuesday that the net proceeds will be used to repay approximately $956 million of outstanding commercial paper and to fund the repayment, on maturity, of a portion of the $600 million principal amount outstanding on its series CI Notes due May 2016. The balance will be used for general corporate purposes."Our oversubscribed $1.0 billion debt offering demonstrates the confidence our investors have in Telus to successfully execute against our long-term growth strategy focused on core investments in our wireless and...