TELUS Completes $300M Debt Offering

On May 18, 2006, TELUS Corporation completed an offering in Canada and the US of $300 million aggregate principal amount of 5 per cent notes, series CB due June 3, 2013. The offering was undertaken by way of a prospectus supplement to TELUS's cross-border universal shelf prospectus. All net proceeds of the offering will be used to repay outstanding indebtedness under a syndicated credit facility and/or for the early termination of cross-currency swap agreements related to TELUS's 7.5 per cent US dollar notes that mature in 2007. The syndicate of agents in respect of the offering was led by TD Securities Inc. and included CIBC World Markets Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and HSBC Securities (Canada) Inc.
TELUS was represented in-house by Audrey Ho, Maria Preovolos, Andras Vagvolgyi and Kris Britch. Blake, Cassels & Graydon LLP acted for TELUS with a team comprised of Sheila Murray, Anoop Dogra, Chris Javornik, Eric Moncik, Cynthia Sargeant, Michael Bunn and Anthony Zaidi (securities/corporate), Leslie Morgan (tax), Sam Principi (debt capital markets) and Gary Jessop (regulatory), and assisted by Bob Wooder, Farhad Bayati, Michael Adams, Trisha Robertson, Sara Knowles, Michelle Audet, Bahar Hafizi and Kevin Zimka in Vancouver; Scott Clarke and Doris Reimer in Calgary; and Michael Bantey, Helene Barette and Michèle Patry in Montreal. Skadden, Arps, Slate, Meagher & Flom LLP acted as US counsel to TELUS with a team comprised of Phyllis Korff, Richard Aftanas and Daniel Scotti (securities/corporate) and Katherine Bristor and Daniel Phillips (tax).
Osler, Hoskin & Harcourt LLP acted as both Canadian and US counsel for the agents with a team in Canada comprised of Doug Marshall, Michael Innes, Julie Walsh and Jasmine Lew (securities/corporate); Julie Colden (tax) and Lorne Abugov (regulatory); and a team in the US comprised of Kevin Cramer, Rob Lando, Sachin Davé and Jason Comerford (securities/corporate) and Elizabeth Kessenides and Melanie Fitzpatrick (tax).


Robert C. Lando Cynthia K. Sargeant Gary O. Jessop Michael Bantey Jasmine Lew Trisha L. Robertson Andras F. Vagvolgyi Michelle Audet-Noorani Julie A. Colden Jason Comerford Kristopher B. Britch Kevin Zimka Sam J. Principi Lorne H. Abugov Eric Moncik Douglas R. Marshall Michèle Patry Sara Knowles Farhad Bayati Audrey T. Ho Doris Reimer Bob J. Wooder Anoop Dogra Robert J. MacRae Michael D. Innes Sheila A. Murray Maria D. Preovolos Chris Javornik Bahar Hafizi Scott Clarke Julie Walsh Hélène Barette Michael Bunn


Blake, Cassels & Graydon LLP Skadden, Arps, Slate, Meagher & Flom LLP Osler, Hoskin & Harcourt LLP