TELUS Completes $700M Offering of Unsecured Notes

On May 20, 2009, TELUS Corporation completed a Canadian offering of $700 million principal amount of unsecured 4.95 per cent Notes due 2014. The offering was made pursuant to TELUS's short form base shelf prospectus and net proceeds will be used for general corporate purposes, including repaying amounts outstanding under a credit facility and outstanding commercial paper
The syndicate of agents in respect of the offering was led by RBC Dominion Securities Inc. and included Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., TD Securities Inc., Desjardins Securities (Canada) Inc., HSBC Securities Canada Inc. and National Bank Financial Inc.

TELUS was represented in-house by a team led by Audrey Ho and Brad Cowburn, and by Bennett Jones LLP with a team comprised of Kathleen Keller-Hobson, Faran Umar-Khitab and Melissa Robins (corporate finance) and Martin Sorensen (tax).

Osler, Hoskin & Harcourt LLP acted as counsel to the agents with a team comprised of Douglas Marshall, Michael Innes, Mark Hogan, Neil Said (securities) and Kimberly Wharram (tax).