TELUS Announces Debt Offering

TELUS Announces Debt Offering

– $600 million 10-year notes with 3.75 per cent interest rate – $400 million re-opening of 4.85 per cent notes maturing in 2044 – Average term to maturity now 11.1 years, compared to 10.9 years at the end of 2014 – Average cost of long-term debt now 4.32 per cent, compared to 4.72 per cent at the end of 2014 -Proceeds to repay outstanding commercial paper, fund upcoming debt maturity and for general corporate purposes

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