Cable & Telecom

Telus raising $500 million

VANCOUVER — Telus Communications announced late Tuesday an offering of $500 million of senior unsecured notes with a 10-year maturity as the company looks to raise money for capital investments. The notes are offered through a syndicate of agents led by TD Securities, BMO Nesbitt Burns and Scotia Capital. Closing of the offering is expected to occur on or about October 5, 2020. The net proceeds of this offering will be used for general corporate purposes, including investing in broadband networks and other capital investment consistent with Telus’ growth strategy, and repayment of commercial paper (incurred for general working capital...