VANCOUVER – Telus will offer senior unsecured notes worth $1 billion.The 5.05% 10-year notes were priced at $99.744 per $100 principal amount for an effective yield of 5.083% per annum and will mature on July 23, 2020. Closing of the offering is expected to occur by July 23, 2010.The net proceeds of the sale of the notes will be used to fund the proposed redemption of US$613 million principal amount of Telus’ outstanding US$1.3615 billion 8% notes due June 1, 2011 for payments required to terminate cross-currency interest rate swaps associated with the notes to be redeemed. Any excess will be...
