Telus announces $500-million debt offering

VANCOUVER — Following its $1.3-billion equity offering last week, Telus announced today a debt offering of $500 million of senior unsecured Series CAE notes with a 30-year maturity and 4.1% interest rate. The notes are being offered through a syndicate of agents led by CIBC Capital Markets and RBC Capital Markets, and together with BMO Capital Markets and Scotiabank. The offering is expected to close on or about April 5, 2021. The notes were priced at $99.47 per $100 principal amount for an effective yield of 4.131% per annum and will mature on April 5, 2051. “The net proceeds of...