Telus to raise $1B to fund spectrum purchases

VANCOUVER – Telus is offering $1 billion of senior unsecured notes to help pay for its purchases at February’s 700 MHz wireless spectrum auction.The notes will be offered in two series, the first with a 7-year maturity, and the second with a 30-year maturity. The 3.20% 7-year Notes, Series CO, were priced at $99.739 per $100 principal amount for an effective yield of 3.242% per annum and will mature on April 5, 2021. The 4.85% 30-year Notes, Series CP, were priced at $99.874 per $100 principal amount for an effective yield of 4.858% per annum and will mature on April...