Telus announces a proposed debt offering of $500 million

VANCOUVER – TELUS announced on Thursday a proposed offering in Canada of $500 million worth of seven-year senior unsecured Notes. The Notes will be sold through a syndicate of agents led by Scotia Capital Inc. and that includes RBC Capital Markets Inc., BMO Capital Markets, CIBC World Markets Inc., Desjardins Securities Inc. and HSBC Securities (Canada) Inc. The Notes will mature on April 15, 2015. The interest rate and other terms will be determined through negotiation with the agents. Telus said the money raised through the offering will be used “for general corporate purposes, including repaying amounts under the 2007...