TELUS Completes $500M Notes Offering

TELUS Corporation completed a Canadian offering of $500 million principal amount of unsecured 3.35 per cent Notes due May 15, 2023. The offering was made pursuant to TELUS' short form base shelf prospectus dated October 3, 2011, and net proceeds were applied towards the repayment of outstanding commercial paper. The syndicate of 13 agents for the offering was led by Scotia Capital Inc. and CIBC World Markets.

TELUS was represented in-house by a team comprising Monique Mercier, Maria Preovolos and Dennis Wong, and by Gowling Lafleur Henderson LLP with a team comprising Kathleen Keller-Hobson, Faran Umar-Khitab, David Campbell and David Kim (corporate finance) and Ash Gupta (tax).

Osler, Hoskin & Harcourt LLP acted as Canadian counsel to the agents with a team comprising Michael Innes, Blair Wiley and Courtney Ashton (securities) and Lara Friedlander (tax).